Hatton Farmers Elevator, Hatton, ND, shareholders voted by a three-to-one margin to accept a purchase offer of $1.57 million from theNorthwood Equity Elevator, Northwood, ND, reports theGrand Forks Herald.
The 104-year-oldHatton Farmers Elevatoronly handled grain and wanted to be part of an elevator that also sold chemical, fertilizer and seed, said Randy Thompson, Hatton Farmers Elevator Board president.
During the past few years, there had been discussions about potential mergers with nearby elevators, including Thompson Farmers Coop Elevator, Finley Farmers Grain and Fertilizer and Mayport Farmers Co-op, Thompson said.
来gether, the two elevators will have a grain-handling capacity of 4.2 million bushels. Both elevators purchase soybeans, corn, wheat and barley.
