Source: CHS

CHS Inc. has reached an agreement with the Farmers Cooperative Elevator Company of Cavalier, N.D., to acquire its assets. The business arrangement was approved by the Cavalier producer-members and is slated for a July 12 effective date.

"Farmers Co-op Elevator has been serving area farmers and this community since 1929," said Pat Mahar, board chairman for Cavalier and an area producer raising sugar beets, edible beans and small grains. "Joining CHS ensures that we can continue our cooperative tradition of patronage back to the members and supporting our local economy."

Original press release