Create a free Feed & Grain account to continue reading

Farmers Elevator & Exchange Unveils $3.5M Investment

Expansion invests heavily in technology to meet swine producer needs and position the company for the future

In the 99 years that it has been in business, the Farmers Elevator & Exchange in Monroe City, MO, has reshaped it business to stay ahead of the markets it serves, according to a report in the Hannibal Courier-Post.

The moves have worked, as the market value of the co-op has increased $3 million 15 years ago to more than $12.5 million.

Marlin McCormick, general manager of Farmers Elevator & Exchange for the last 15 years, said that making the investment was necessary to keep the co-op competitive in the swine feeding marketplace.

On Saturday, the 30 employees of the co-op showed off their response market demand – a $3.5 million expansion in invests heavily in technology to meet the needs of swine producers and help position for the future.

The investment produces a significant cost-savings for producers — as much a $1 per animal taken to market.

Read the full report at the Hannibal Courier-Post by clicking here.

Page 1 of 199
Next Page