MFA Incorporated (MFA) recently announced it has entered into an agreement to acquire four Missouri grain elevators from ADM, including one in Montgomery City.
The transaction also includes …
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MFA Incorporated (MFA) recently announced it has entered into an agreement to acquire four Missouri grain elevators from ADM, including one in Montgomery City.
The transaction also includes country grain elevators in Center, Novelty and Shelbina. All four represent approximately six million bushels of licensed grain storage capacity.
The facilities are in significant grain‑producing regions and will become part of MFA’s existing grain network upon closing.
“Grain origination is a core service that MFA provides to our members,” MFA Chief Operating Officer Jason Weirich said. “By bringing these facilities into our cooperative system, we’re expanding access to delivery points and improving our grain handling logistics. These assets will help maintain competitive markets for the grain our members grow and deliver growers the benefits available by marketing through a cooperative.”
Weirich added that MFA intends to honor existing grain contracts at the acquired facilities, subject to customary reviews and applicable terms and conditions. Operations at each location are expected to continue as normal following closing of the transaction.
“These facilities are well‑positioned to serve growers in their local trade areas,” Weirich added. “Our goal is to keep grain moving efficiently and provide dependable service to our members.”
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