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GROWMARK Becomes New Owner of Grain Facility on Calumet River in Chicago

Sabrina Burkiewicz 0 1066 Article rating: 4.0

In a deal that closed Thursday, June 27, with COFCO International, GROWMARK became the sole owner of one of the most influential grain warehouses in the state of Illinois due to its connection with the Chicago Mercantile Exchange (CME). The purchase also marks the first time the facility will be owned by an American agricultural cooperative.

Cooperative Ventures Leads Traction Ag’s $10 Million Series A to Advance Farm Accounting Technology

Investment designed to support platform development and business growth

Sabrina Burkiewicz 0 485 Article rating: No rating

Cooperative Ventures has announced an investment in Traction Ag, Inc., a leader in farm accounting technology and developer of the first cloud-based accounting software delivering solutions to farmers across the United States. A joint venture between two leading farmer-owned cooperatives, CHS and GROWMARK, Cooperative Ventures focuses on developing mutually beneficial commercial relationships between startups and cooperative partners. Traction Ag’s $10 million Series A round was led by Cooperative Ventures and joined by Plymouth Growth and existing investors.