Landus, Heartland Co-op to Swap Iowa-Based Assets
Landus, a farmer-owned agricultural co-operative headquartered in Ames, Iowa, with more than 60 locations serving its 7,000 farmer-owners, and Heartland Co-op, another ag co-op with 5,800 members and 71 locations, have mutually agreed to trade facilities in the state.
Under the terms of the decision, which follows extensive discussions between the two cooperatives, Landus will acquire Heartland’s grain and agronomy assets in Rippey and Panora, Iowa, and Heartland will acquire Landus’ grain, agronomy, and feed assets in Woodward and Earlham.
Driven by the desire to do what is best for their employees and farmers, this move is being seen by both parties as creating better strategic fits for both organizations, enabling them to better utilize their staff, facilities, and other resources for better operations efficiencies.
As the transition moves forward, all grain contracts for all of these locations will be honored by the incoming company, and pre-paid agronomy services will not be disrupted, and will be serviced by the company that originated the contract.