Central Valley Ag, United Farmers Cooperative propose merger

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article

Following months of study and preparations after initial discussions began one year ago, the boards of directors of both Central Valley Ag Cooperatives (CVA) and United Farmers Cooperative (UFC) have unanimously approved and entered into a letter of intent to finalize an agreement and plan of merger, which, if approved by the members and stockholders of the respective cooperatives would result in the merger of the two cooperatives into one entity.

Board Chairman for Central Valley Ag, Dave Beckman, recognizes the value this proposal would bring to member-owners. "The merger of CVA and UFC is a tremendous opportunity to position two financially strong cooperatives to meet the needs of our patrons for many years to come," said Dave.

"Agriculture continues to change and evolve at a rapid pace, which in turn requires our cooperatives to have the vision to change and expand our abilities to compete in a global market place for the benefit of our membership."

Doug Moon, Board Chairman for United Farmer's Coop agrees that this merger is the right move for both cooperatives.

Doug said, "I think this merger is very good for the patrons of CVA and UFC because we have two strong, successful cooperatives combining resources to be even more prepared to meet tomorrow's challenges in agriculture. It will allow us to better serve our customer's needs today and remain relevant as we explore new opportunities to create additional value."

United Farmer's Coop serves patrons in 22 counties in Nebraska and Kansas from 32 locations by a team of more than 235 fulltime employees. UFC strives continuously to fulfill their mission, "to provide innovative products, services and information that grows stakeholder value." Adding value to member-owners is extremely important to Carl Dickinson, CEO of United Farmer's Coop.

"As a Cooperative, we continually focus on creating and adding value for our owners. In my career, I have never seen a potential opportunity such as this merger for increased savings, expanded services and facilities and equity redemption for the farmer owners of both CVA and UFC. This merger will position the new CVA to create value for our owners long into the future."

Central Valley Ag's mission also focuses on the importance of its customers: "Dedicated professionals providing innovative solutions that yield profit for our customers." CVA has a team of 494 employees to provide grain, agronomy and feed services to customers at 34 locations throughout 27 counties in Nebraska.

Central Valley Ag's CEO, Doug Derscheid also realizes the benefits this merger would bring to customers. "It's all about meeting and exceeding our customer/owner expectations. Successful companies continually reinvent themselves to keep current with an ever-changing market place and the changing needs of their customers.

Cooperatives should be no different," states Doug. "This combination will drive our quest to be of the size and scale to compete in the global market place for the benefit of our member-owners."

For more information please visit cvacoop.com or ufcoop.com.


Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...


Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Truck and Trailer Mounted Tenders

Doyle’s Tenders are available in 8’, 10’, 16’, and 24’ lengths and include truck or trailer mounted with side or ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form