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.