Progressive Ag Cooperative membership votes to approve unification with MKC.
After a series of informational meetings, the owners of Progressive Ag Cooperative approved the merger with MKC by an overwhelming majority of 85% at a special vote meeting on March 10.
Initial merger discussions between the cooperatives began prior to the respective boards approving a plan and merger agreement on February 15, 2022.
Progressive Ag Cooperative conducted due diligence with several other potential partners. Derek Totten, Progressive Ag board chairman, noted they chose MKC because they do a great job with customer service, facility improvement, branding, innovation, and employee and customer education.
“The approved vote shows our members see the same vision the board did in partnering with MKC," says Totten.
"We look forward to improved efficiencies in operations, and the opportunity to expand our technologies and other services to producers’ operations in our footprint.”
Allan Wegner, MKC board chairman, said together the cooperatives identified benefits they could gain by combining the two organizations.
"We look forward to working together for the future of our cooperatives, the members and our employees,” said Wegner.
Progressive Ag Cooperative and MKC will officially unite on May 16, 2022. Over the next several weeks, the two cooperatives will communicate with members and other stakeholders about the merger.
With the addition of Progressive Ag Cooperative, MKC will consist of 71 locations with nearly 600 employees dedicated to serving its member-owners.
The cooperative offers a wide range of products, programs and services through its agronomy, energy, feed, energy, and risk management divisions to meet the needs of agricultural producers across its’ footprint.
