KVSV

Farmway Coop acquires Republic County assets from Hansen-Mueller

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Former Hansen-Mueller elevator in Belleville, Kansas.

Farmway Coop, Inc. announced today that it has purchased the grain assets of Hansen-Mueller in Belleville, Scandia and Courtland, owned by Jack Hansen from Omaha, Neb. The transaction was finalized March 31, 2014.

The agreement involves the purchase of five grain facilities in Belleville, Scandia and Courtland with a combined grain storage capacity of 7,453,000 bushels. Farmway plans to improve speed and space at the three Hansen-Mueller locations.

"The addition of the grain elevators in those three communities is consistent with our strategy of expanding our footprint and offerings to the members we serve," said Art Duerksen, CEO of Farmway. "We are excited to bring a cooperative grain elevator business back to the communities and look forward to growing the strong relationships we currently have with our farmer-owners that have been using our agronomy and energy products in the past and starting lasting relationships with new customers as well."

"Our grain business has been growing in the Republic county area and Farmway's acquisition of these five facilities will give our existing and new customers additional options for marketing grain to AgMark/Farmway," said Jeff Bechard, president of AgMark LLC.

Employees from Hansen-Mueller will join the Farmway team in their respective roles.

Farmway Coop is a farmer-owned cooperative offering grain, agronomy and energy products and services to members and non-members in the north central Kansas communities of Mitchell, Lincoln, Cloud, Republic, Washington, Clay, Riley, Ottawa, Jewell and surrounding counties since 1911. For more information, visit www.farmwaycoop.com

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Farmway is a cooperative committed to Helping Our Owners Succeed. Whether it is helping to provide quality products and excellent service to improve the livelihood of our produces or using our resources to support communities across Kansas - it is part of Farmway, your "Partner in Growth." For more information on Farmway's products, services and membership, visit www.farmwaycoop.com or call 785-738-2241.

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