Northwood Equity Elevator to Buy Hatton Farmers Elevator
Together, two elevators will have grain-handling capacity of 4.2 million bushels
Hatton Farmers Elevator, Hatton, ND, shareholders voted by a three-to-one margin to accept a purchase offer of $1.57 million from the Northwood Equity Elevator, Northwood, ND, reports the Grand Forks Herald.
The 104-year-old Hatton Farmers Elevator only 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.
Together, the two elevators will have a grain-handling capacity of 4.2 million bushels. Both elevators purchase soybeans, corn, wheat and barley.