DES MOINES, IA (July 26, 2023) — Landus will continue to expand its footprint beyond Iowa with the planned purchase of the Central Farm Service (CFS) grain facility in Bricelyn, Minnesota. Through a signed letter of intent, Landus will take ownership of the grain asset on August 31, 2023.
The Bricelyn facility is located just nine miles away from the Landus Union Pacific shuttle-loader rail facility in Rake, Iowa. This purchase grants area farmers access to new export markets throughout the United States and Mexico.
“Bringing together the Bricelyn grain storage facility with the Rake rail hub makes strategic sense for the farmers that Landus and CFS serve. Our team looks forward to expanding our work with area farmers, and we’d like to thank the CFS team for their openness to working together and implementing value-added grain opportunities for the farmers we both serve,” said Matt Carstens, president and CEO, Landus.
“This sale is an example of two cooperatives working together to strategically realign assets to provide better service to farmers, many of whom are members of both cooperatives,” said Merlyn Kruger, president and CEO, CFS.
The Bricelyn grain facility boasts 1.45 million bushels of storage capacity and 20,000 bushels/hour receiving capacity. No CFS employees will be impacted by the sale of this asset. Landus looks forward to collaborating with local stakeholders and the community to ensure a seamless transition.
For more updates regarding Bricelyn facility, visit www.landus.ag
As a farmer-owned cooperative headquartered in Iowa, Landus elevates and uplifts thousands of farmers in communities throughout rural America. By activating the power of data to connect key contributors across the ag supply chain, we’re helping farmers build sustainable and profitable businesses and activating a more secure food and fuel future for farmers and consumers alike.
About Central Farm Service (CFS)
Central Farm Service (CFS) is committed to sustainability and the cooperative way of doing business. Our members own the company, guide the decision-making process, and share the benefits that come from working together. Headquartered in Truman, Minnesota, we serve more than 4,000 producers in southern Minnesota and northern Iowa. We are highly diversified with products and services in grain marketing and merchandising, crop production and seed, feed manufacturing, bulk petroleum, and producer financing. Each day we strive to live our purpose of providing Trusted Service and Cooperative Value to members. To learn more, visit www.cfscoop.com.