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US: Large agriculture co-op merger has farmers concerned

By  |  March 5, 2015

South Dakota farmers say they’re concerned about that a proposed merger between two major agriculture cooperatives might stifle competition and depress crop prices in the state.

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    The South Dakota Wheat Growers and North Central Farmers Elevator said this week that they plan to merge under a new co-op they’re creating. Their members will likely vote on whether to approve the merger in June, and it approved, the merger could happen by August.

    “I think everyone is concerned,” Bosse said. “This doesn’t leave a lot of competition out there. The pressure from other companies helps farmers get a good price for their crops.”

    Farmers in each cooperative will have a chance to vote on the merger and some expressed the need for more information.

     

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