Inver Grove Heights, Minn.-CHS Inc. and Farmers Elevator Co. of Lowder, headquartered in Waverly, Ill., have signed a letter of understanding to explore a formal business partnership. If approved, the two companies would join forces to enhance agronomy and grain services to producers within the Illinois trade territory currently served. A proposed business agreement would be voted upon by Farmers Elevator’s 135 stockholders in June and put in place shortly thereafter. “A partnership with CHS would be a great opportunity to expand market access for our customers’ grain,” said Greg Dolbeare, general manager for Lowder. “It would also bring a new level of efficiency our customers would experience almost immediately.” “The combination is a strategic move for both companies,” said John McEnroe, CHS senior vice president, “and aligns with our core commitment to return value to member-owners.” Since 1905, Farmers Elevator Co. of Lowder (www.lowderelevator.com) has provided Illinois farmers and landowners with grain services and agricultural products and services. Today it operates locations in Waverly and Auburn, delivering grain storage and drying and grain marketing. It also sells fertilizer, seed, and crop protection products, and provides custom application services for these products.
Transparency Across the Fertilizer Value-Chain