Landusplans to invest a record $150 million in incremental capital spending into core grain and agronomy facilities throughout the company’s territory to modernize aging infrastructure and improve service to local farmers.
This comes at a time when aging rural infrastructure continues to make headlines and presents challenges for farmers, ag businesses, and communities throughout the state.
“Rural Iowa needs our industry to step up to the plate and reinvest for the future the way our forefathers did for us," saidMatt Carstens, president and CEO of Landus.
"A generation of farmers came together to build up the cooperative infrastructure in the 1950s. But since then, our industry has not done our job building for the future the way they once did.
"We owe our farmers and our communities more, and the Landus team is proud to roll out this robust reinvestment plan designed to deliver facilities of the future where they are desperately needed."
Grain and agronomy facility improvements
Over the next four years Landus will reinvest unprecedented amounts into core locations to deliver the speed, space and safety that farmers expect.
Landus also recently announced additional initiatives designed to better position farmers for success in the future.
This summer the company will unveil itsInnovation Connectorand collaborative workspace in downtown Des Moines designed to connect farmers directly to innovators, tech start-ups, and change makers driving the future of ag forward.
“It is not enough for a cooperative to simply meet the needs of farmers today," said Carstens. "We must lay a solid foundation for what our farmers will need in the future.
"Landus is proud to expedite that journey forward with this robust reinvestment into our critical rural hubs," he continues. "We look forward to unveiling more to our farmer-owners in the months ahead."
