The Board of Directors of Cooperative Grain and Supply (CG&S) has voted to approve a pending unification agreement that would see the merging of the co-op with Mid-Kansas Cooperative (MKC).
Currently, MKC has 36 locations with elevator capacity for over 40 million bushels of grain, ranking it 71st of the top 100 largest ag c-ops in the U.S. according to the U.S. Department of Agriculture (USDA). The merging of CS&G would add five additional locations and 4.22 million tons of storage capacity to these holdings.
CG&S already participates in TMA, the grain marketing unit of MKC, and through the merger, CG&S will increase its share of the profits generated from the Canton-based train loading facility, which is 50 percent owned by MKC.
An initial letter of intent for unification was released in June 2016, with due diligence being conducted since.
Lynda Kiernan is Editor with HighQuest Group Media and of the Oilseed & Grain News. If you would like to submit a contribution for consideration, please contact Ms. Kiernan at email@example.com.