Farmers Cooperative Co


FC (Farmers Cooperative) was founded by the management and board of directors of Farmers Cooperative Company located in Farnhamville, IA. The first grain elevator was built in Farnhamville in 1881and about 25 years later; it was incorporated by several area farmers and businessmen. In 1944, the board of directors decided to change the structure of the Company to a Cooperative as defined in an Iowa law passed in 1939.
In the early 1960's, the leadership of FC in Farnhamville determined the Cooperative needed to expand its membership territory if it were to remain viable and efficient in member service. This is when it announced its intentions to construct a Mega Fertilizer Plant Facility in Rake, Iowa. When announcing the plans, Roger Koppen, the companyÂâ€Ã¢„¢s CEO said that the Board had tentatively approved the 25,000 ton unit train facility which was further dependent on approvals from the City of Rake and Winnebago County and the finalization of appropriate construction contracts. Construction is planned to begin in the spring of 2006 and the plant will begin operation by the end of the year, if all goes as planned. The management clarifies that the need for this investment is driven by the consolidation of the fertilizer industry and the fact that much of the production of the fertilizer is being moved to foreign countries. As increased quantities of fertilizer are being imported, the need for FC to receive fertilizer products using a least cost transportation and handling system has become very important to its members. This investment fuels FCÂâ€Ã¢„¢s growth and subsequent investment in new facilities that began with expansion of the grain and rail facilities to a 100 car Shuttle Train loading capability in 2004.
From those early starting days of being a grain and rail service provider, today FC is Iowa's largest local cooperative with over 4000 members. The trade territory covers over 1,400,000 acres with members served from 49 locations by a 300 strong employee team. The numbers speak for the commitment of the company towards its associates and the community at large.