CHS Inc announced that they have agreed to invest in the Australian grain origination and marketing company, Agfarm. Ruralco Holdings and CHS will each own 50% of Agfarm.
CHS Inc is a global energy, as well as a food and grains company and is the country leading farmer owned business. Agfarm is the Australia-based agribusiness that collaborates with growers regarding marketing and sale of their grain. Agfarm is a leading provider for a range of services that make farming easier and ensures long term viability regarding clients operations. Agfarm currently has 38 employees in 8 offices located in Australia. Under the terms of the deal, Bob McKay, Agfarm founder, will retain his chief executive officer status.
"CHS is committed to investing for the long term in the Australian market, so that Agfarm growers benefit from even stronger connections to the growing, global demand for high quality grains and oilseeds," said Rick Browne, CHS Ag Business, senior vice president, Asia-Pacific.
"This partnership aligns with CHS strategic growth initiatives that add value to member-owners by competitively linking global producers with buyers and consumers," Browne added.
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