Dakota Plains Coop and CHS Consider Consolidation

August 26, 2013 08:35 AM
 

The quest for domestic nitrogen may get a shot in the arm for Dakota producers. CHS and Dakota Plains Cooperative have announced the two are working toward a merger to assist in distribution in key areas of east central North Dakota. The enhanced distribution network would help move product from CHS's Spiritwood nitrogen facility to consumers and is part of CHS's commitment to helping farmers grow their businesses.John'sdeere

"Dakota Plains is excited to have the opportunity to partner with CHS. They have worked well with us in the past and we look forward to taking our relationship to the next level," said Greg Svenningson, Dakota Plains Cooperative board president. "This merger will allow Dakota Plains to more fully align and partner our growers with the nation's largest cooperative."

"Both organizations are looking for growth and expansion opportunities at the same time we protect member equity," said John McEnroe, executive vice president, CHS Country Operations. "We are always interested in investments that align with the CHS commitment to helping our farmer-owners grow their businesses."

The merger would take advantage of favorable natgas prices, existing and planned infrastructure and encourage U.S. fertilizer independence in the nitrogen segment. A series of informational meetings for Dakota Plains patrons are being scheduled for September to bring more information to area growers. Visit their website here, or chsinc.com for more.


Photo credit: D. Michaelsen, Inputs Monitor

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