Announcements and News
Albert City, Iowa (March 11, 2008) - Ag Partners, a leading agricultural retailer in Northwest Iowa, today announced that it has acquired the agronomy business of C-S Agrow Service Co.
Established in 1976 by Craig Struve, C-S Agrow has grown into a major retailer and service provider to farming operations in Northwest Iowa. “The marketplace is changing and for us to take C-S Agrow to the next level, we needed to align ourselves with a company that has the necessary resources, shares similar values, and has a high level of commitment to customers and the industry” says Craig Struve, principle owner of C-S Agrow. C-S Agrow will retain ownership of its grain equipment business.
“We are excited to be able to partner with such a successful company and team in Northwest Iowa. The partnering of C-S Agrow with Ag Partners supports Ag Partners’ goal of expanding operations and further helping farmers succeed in a challenging and volatile market place” states Troy Upah, CEO of Ag Partners. Ag Partners will operate the C-S Agrow locations in Calumet and Granville under the Ag Partners’ brand. Upah continues, “Agriculture is changing at a rapid pace. Ag Partners’ board of directors and employees recognize the outstanding success of C-S Agrow. We are excited to build on that success.”
Established in1997, Ag Partners is a joint venture between Cargill and ALCECO, a local cooperative with over 850 members. Ag Partners operates seven facilities located throughout Iowa employing 138 people. These locations include retail agronomy outlets, grain facilities, and feed mills. Total sales for the company exceed $200 million dollars annually. In 2007, Ag Partners was recognized for being one of the top 100 Ag Retailers in the United States.
Farrell Growth Group assisted with the transaction. Terms of the purchase were not disclosed.
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Ron Farrell Receiving MACA’s Industry Vision Award
The Mid America CropLife Association (MACA) honored several industry, media and academic leaders at its September 2006 annual meeting in St. Louis, MO.
The Association’s Industry Vision Award was presented to Ron Farrell, Farrell Growth Group, LLC and President & Executive Director of RAPID, Inc. The award is presented annually to industry leaders who provide exemplary vision on the issues affecting Midwestern agriculture.
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Farmers National Company (FNC), Omaha, NE, now offers agribusiness valuation services, as well as agribusiness sales and marketing services, through Farmers National Marketing Group, LLC, in partnership with Farrell Growth Group. Bob Dow of Farrell Growth Group will lead the business valuation service. He is a recognized leader in the service of business valuations for agribusinesses. Mr. Dow can provide the agribusiness owner with a full analysis of their operation to not only suggest a selling price, but the analysis is also an excellent tool for marketing and selling the business. It provides the buyer with an objective analysis of potential values and income. FNC provides the real estate sales and marketing expertise needed when a client decides they may want to move to the next step and sell their business. Bob Dow, through Farmers National Marketing Group, has already completed several agribusiness valuations, including a feed business, an ag chemical dealership, and a warehouse operation. |
Source: AgriMarketing.com