Third company to join new model within first month of launch
AMES, IOWA (May 11, 2021) – Landus, a farmer-owned cooperative, and Mid State Milling Inc, an independent feed mill operator, announced today a collaboration agreement. Mid State Milling is the first feed and third company overall to join the Landus optimization model within the span of one month.
“The diversity of the first three businesses joining us on this journey of optimizing ag retail demonstrates the universal applicability of the model,” said Matt Carstens, President and CEO, Landus. “We welcome the addition of Mid State Milling to help maximize feed infrastructure, grain supply, and operational excellence for the benefit of farmers.”
As part of the agreement, Doug Riese, President, Mid State Milling, will maintain his current role while lending his feed operations expertise to the Landus feed team on a part-time basis.
“Joining Landus and this network of ag retail partners provides a powerful platform for generating more growth and value for our business and our customers,” said Riese. “We’re looking forward to getting started and realize the full potential of this new way of working together.”
Financial terms of the agreement are not being disclosed.
About Optimization Model
Landus first announced in April 2021 an innovative alternative to traditional mergers and acquisitions for agriculture retail. Participating companies maintain autonomy, preserve local community presence, and enhance farmer relationships while participating in a shared platform of strength.
This new model is designed for collaboration and optimization on grain, feed, soybean processing, agronomy, data, technology, logistics, and back-office functions. It also provides the opportunity to maximize capital investments, infrastructure capacity, and employee talent.
Agreements are tailored to the strengths of each party and developed on a case-by-case basis.
Landus is a farmer-owned agricultural cooperative headquartered in Ames, Iowa. We employ about 600 full-time employees at locations in more than 60 communities to serve our 7,000 farmer-owners. We are Iowa’s largest agricultural cooperative providing unmatched scale, expertise, facilities, and logistics. Our products and services span the five pillars of agronomy, grain, feed, animal nutrition, and data.
For more information, visit LandusCooperative.com.
About Mid State Milling
Mid State Milling is an independently owned feed mill company based in Iowa with operations in State Center, Clemons and Buckeye. We employ 60 full-time employees and take great pride in providing the highest Quality, Consistency, and Customer service in our industry. Our Nutritional support team works with all sizes of operations to help them be the most competitive in the livestock industry.
For more information, visit midstatemmilling.com