Photo courtesy of CGI

Sep 14, 2022

Columbia Grain Acquires Grafton Farmers Co-op

Acquisition of North Dakota facilities strengthens CGI’s presence in the Northern Red River Valley

Columbia Grain International (CGI) has acquired the grain handling assets of Grafton Farmers Co-op Grain Co., a local cooperative grain originator and merchandiser with locations in Grafton, ND.

CGI took operational control of the facilities last month and has maintained a steady flow of business during harvest.

The acquisition strengthens CGI’s presence in the Northern Red River Valley and expands its capability to handle grain between its Crystal and Minto facilities in North Dakota.

Facility will handle a variety of commodities

The elevator will handle a wide range of commodities, including wheat, corn, soybeans, dry beans, yellow peas, sunflowers, canola, and more.

“Bringing Grafton into the Columbia Grain family further connects our operations in Crystal, Minto and Arvilla," said Kurt Haarmann, senior vice-president, Grain & Oilseeds for CGI.

"The commitment of the board of directors of Grafton to provide seamless services to the elevators’ patrons was a big part of our decision to move forward with this transaction."

Haarmann says the company will offer additional product line and merchandising opportunities for the growers in the Grafton area.

Elevators served by rail

CGI will continue to load some grain by rail at the Grafton facility depending on the markets.

The two elevators in Grafton are on the BNSF and Dakota Northern rain lines. CGI will also offer agronomy services through its Arvilla facility into the Grafton area, providing farmers more options for their agronomy needs.

Larry McCollum , Columbia Grain manager of the Crystal and Grafton elevators, will oversee the elevator’s management.

“I look forward to working with customers and cultivating growth in the Grafton community,” said McCollum.

Grafton Farmers Co-op Grain Co. was first incorporated in 1916. A 30,000-bushel annex was built in 1938 with a 60,000-bushel annex added in 1954 and an 80,000-bushel annex in 1969. In the past three years, much of the conveyance equipment has been upgraded or replaced.

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Magazine

Marketwatch: Oct, 02

US Corn Price Idx: ZCPAUS.CM

open: 6.6922
high: 6.8741
low: 6.6102
close: 6.6102

US Soybean Price Idx: ZSPAUS.CM

open: 13.6782
high: 13.7587
low: 13.1333
close: 13.1536

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 9.3697
high: 9.6472
low: 9.1747
close: 9.4272

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 8.3873
high: 8.7783
low: 8.2498
close: 8.5389