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Ceres, FCGS Finalize Farmers Grain, LLC

New company includes a grain merchandising facility based in Thief River Falls, MN

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Ceres Global Ag Corp. announces that its subsidiary, Riverland Ag Corp., and Farmer's Cooperative Grain and Seed Association (FCGS) have completed the formation and establishment of Farmers Grain, LLC, which includes a grain merchandising facility based in Thief River Falls, MN.

The joint venture will commence an expansion project in the spring of 2021 designed to enable loading unit trains within 18 months. The facility will be serviced by Canadian Pacific and FCGS will continue to operate its non-grain merchandising businesses independent of the operation of the joint venture.

"Completion of the joint venture with FCGS in Thief River Falls continues the meaningful progress we've made around our goal to add strategic origination of our core products while also expanding our geographic footprint in the upper Midwest region of the U.S.," says Robert Day, president and CEO at Ceres. "We welcome the FCGS employees who will staff the Joint Venture and sincerely look forward to working with the hundreds of grower-members of FCGS and other growers in Northwest, MN, to connect with Ceres and Riverland's end–use customers."

About Ceres Global Ag Corp.
Through its network of commodity logistics centers and team of industry experts, Ceres merchandizes high-quality North American agricultural commodities and value-added products and provides reliable supply chain logistics services to agricultural, energy and industrial customers worldwide.

About Farmer’s Co-op Grain and Seed Association
Established in 1940, FCGS provides a broad range of agricultural products and services to producers, customers and patrons, including grain merchandising and storage, agronomy services, seed products and trucking services. FCGS’ patron base consists of over 400 growers across a three-county area.

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