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12/23/2016

THE BOARD OF DIRECTORS OF CENTRAL FARM SERVICE (CFS) BASED IN OWATONNA AND TRUMAN; RIVER REGION COOPERATIVE (RRC), SLEEPY EYE; AND SOUTH CENTRAL GRAIN AND ENERGY (SCGE) OF FAIRFAX, APPROVED TO BRING THE POINT OF CONSOLIDATION OF THE THREE COMPANIES TO A MEMBER VOTE.

THE COOPERATIVES ENTERED A MERGER STUDY IN SEPTEMBER OF 2016 HYPOTHESIZING THAT A CONSOLIDATION OF THE THREE COMPANIES WOULD CREATE OPPORTUNITIES TO GROW MEMBER EQUITY, IMPROVE ACCESS TO CAPITAL, MITIGATE RISK ACROSS A LARGER GEOGRAPHY, AND LEVERAGE ECONOMIES OF SCALE.

THE VOTE OF THE PROPOSED MERGER WILL BE COUNTED ON FEBRUARY 21, 2017 WITH A POTENTIAL EFFECTIVE DATE ON OR BEFORE AUGUST 1,2017.


ROD HALVORSEN
© 2015 KSUM KFMC


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