Officials with Landus Cooperative of Ames have announced plans to purchase an ADM grain facility in Manilla, IA.
Under the purchase agreement, Landus Cooperative gains more than 2.3 million bushels of grain capacity for its first wholly-owned Crawford County, IA, location including 775,000 bushels of upright storage, more than 1.5 million bushels of bunker storage and 32,000 bushel/hour receiving capacity.
Pending final documentation, Landus Cooperative is slated to take possession June 1, 2018.
“This Manilla, IA, site is a strategic purchase for Landus Cooperative and farmers in western Iowa,” explains Milan Kucerak, CEO for Ames, Iowa-based Landus Cooperative. “While this grain asset has been well cared for, we expect to improve efficiency on behalf of the customer utilizing best practices from our nearly 60 grain locations in Iowa.
“Our domestic and international grain end-users continue to demand high-quality corn and soybeans, and we know Crawford County, IA, farmers can help meet that demand,” he adds.
Under terms of the purchase agreement, ADM and Landus Cooperative plan to honor all outstanding grain contracts.
“We are anxious to begin working with growers in and around Crawford County and want to make their transition to Landus Cooperative as seamless as possible,” says Roger Fray, chief commodity marketing officer who oversees a team of dedicated grain marketing advisors. “Our Cooperative Advantage Package of more than a dozen marketing alternatives combined with our patronage opportunities make membership in Landus Cooperative an attractive option for former ADM-customers."
