Following a special meeting to count ballots for the proposed merger of Equity Elevator and Trading Company of Wood Lake, MN, and Farmward Cooperative of Morgan, MN, the board of directors of Equity Elevator announced that the merger was approved by its voting members.
According to theRedwood Falls Gazette, the merger will take effect Sept. 1, 2019.
The name of the merged cooperative will be Farmward Cooperative and will be led by current CEO, Dave Stuk. Equity Elevator CEO, Rod Winter, will retire as previously planned.
