Landuswill continue to expand its footprint beyond Iowa with the planned purchase of theCentral Farm Service(CFS) grain facility in Bricelyn, Minnesota.
Through a signed letter of intent, Landus will take ownership of the grain asset on August 31, 2023.
Bricelyn设施位于只有9英里way from the Landus Union Pacific shuttle-loader rail facility in Rake, Iowa. Landus noted this purchase grants area farmers access to export markets throughout the U.S. and Mexico.
“Bringing together the Bricelyn grain storage facility with the Rake rail hub makes strategic sense for the farmers that Landus and CFS serve," saidMatt Carstens, president and CEO, Landus. "Our team looks forward to expanding our work with area farmers, and we’d like to thank the CFS team for their openness to working together and implementing value-added grain opportunities for the farmers we both serve.”
The Bricelyn grain facility offers 1.45 million bushels of storage capacity and 20,000 bushels/hour receiving capacity. No CFS employees will be impacted by the sale of this asset, said Landus.
“This sale is an example of two cooperatives working together to strategically realign assets to provide better service to farmers, many of whom are members of both cooperatives,” said Merlyn Kruger, president and CEO, CFS.
