MEMBERS of Dakota Plains Cooperative, a full-service agribusiness with headquarters in Valley City, N.D., voted last week to approve a merger with CHS Inc., the nation's largest farmer-owned cooperative.
The proposal passed with a 92% approval and will become effective Jan. 1, 2014, pending appropriate due diligence by both organizations and final approval by the CHS board of directors.
"We are pleased that the members could see the same vision and opportunities the board saw in merging with CHS," Greg Svenningson, Dakota Plains board president, said. "We are excited to partner with the nation's leading cooperative."
John McEnroe, executive vice president of CHS Country Operations, added, "This is a good match for both cooperatives. We are always interested in investments that align with the CHS commitment to helping our farmer-owners grow their businesses."
Patrons of Dakota Plains Cooperative should expect a smooth transition, including continuity of staffing at its locations, according to an announcement. Ken Astrup will continue to lead the co-op as general manager.