Farmers Pride Co-Op is acquiring the Avon Farmers Elevator. The purchase will include grain facilities, agronomy storage and equipment, and bulk fuel delivery and plant assets.
Farmers Pride Sales and Marketing Director Dave Spencer says that Farmers Pride has leased the grain facilities in Avon for six months. Acquisition discussions were initiated in December by both companies’ boards of directors. Avon members approved the sale recently.
Farmers Pride President and CEO Dean Thernes says Farmers Pride is excited to serve the Avon area producers and the Avon community with quality products and programs designed to benefit the ag-producer.
As a producer-owned cooperative, Farmers Pride distributes its earnings back to its owners in the form of cash and stock dividends as well as upgrading physical assets over time. Farmers Pride is a cooperative owned by 6,000 farmers and ranchers across northeast Nebraska. Avon will be their first South Dakota location.
