Indiana-based agricultural cooperatives Co-Alliance, LLP and Harvest Land Cooperative announced on Thursday an agreement to pursue a merger.
“This merger will offer exceptional opportunities to our farmer-owners in Indiana, Ohio, Michigan and Illinois. The expanded resources, more robust product line and extension of quality service will extend beyond what the two co-ops could offer individually. Together, we anticipate great success in cultivating opportunities for our members through this historic merger with the Co-Alliance team,” said Scott Logue, CEO of Harvest Land.
The merger would bring efficiencies to the agronomy, energy, grain, swine, and animal nutrition services of each company and is representative of the importance of scale in the cooperative model serving local farmers. “The opportunity to merge with Harvest Land brings both companies a chance to enhance their customer experience and meet the growing demands of the ever-changing agriculture industry. We are excited to bring this powerful combination to our grower members,” added Kevin Still, CEO of Co-Alliance.
Due diligence will begin in the coming months with hope to complete the merger in 2021.
Co-Alliance and Harvest Land are already partnered on United Agronomy Services, LLP, a full-service agronomy retailer in Summitville, Indiana. This location is consistently a top performer for both parent companies.
Harvest Land Co-op is a local, farmer-owned cooperative, providing innovative agronomic and energy services in east central Indiana and southwest Ohio. Originally organized in the late 1920’s, they continue to specialize in providing farmers with the products and strategic opportunities they need to operate effectively and profitably. Their business is focused around four key areas for their members: agronomy, energy, grain and feed. Harvest Land works diligently to reduce risk for the sole operator, whether that be through fuel or propane contracting, grain marketing insight, crop protection products or providing a balanced diet for livestock.
Co-Alliance LLP is a member-owned supply and marketing operation delivering innovative solutions for farmer-members and customers across Indiana, Ohio, Michigan, and Illinois specializing in agronomy, propane, fuels, grain, seed, hog production and feed. The customer-focused company strives to fulfill its collective mission to lead with people and technology, grow profitably, give back locally, and remember it is a cooperative.