Perdue AgriBusiness purchases 10 grain elevators

by Holly Demaree
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Perdue AgriBusiness
According to the 2016 Grain & Milling Annual, Perdue AgriBusiness Grain & Oilseed, LLC currently has a grain storage capacity of 58.207 million bushels.
 
SALISBURY, MARYLAND, U.S.— Perdue AgriBusiness and Southern States announced the closing of a transaction that will ensure the continued operation of over a dozen Mid-Atlantic grain elevators.

Perdue AgriBusiness will purchase 10 of the 12 elevators that the company has leased from Southern States, Richmond, Virginia, U.S.-based farm supply and service cooperative, since 2002 and will continue to lease two other elevators that are immediately adjacent to Southern States feed mills. The announcement will have no impact on grain receiving at the elevators, which have been operated by Perdue since the lease agreement was signed 14 years ago.

“We are pleased with the commitment of Perdue AgriBusiness to serve Southern States members in the Mid-Atlantic and Southeast with opportunities to market grain,” said Jeff Stroburg, president and chief executive officer (CEO) of Southern States Cooperative, Inc. “We are confident that Perdue Agribusiness will continue to serve the industry at the high levels our customers expect.”

The 12 facilities involved in the transaction are located in Delaware, Kentucky, Maryland, North Carolina, Pennsylvania, South Carolina and Virginia and represent more than 10 million bushels of grain storage.

"This agreement ensures that farmers will continue to have access to domestic and international markets through these elevators using Perdue AgriBusinesses’ grain merchandising programs," said Dick Willey, president, Perdue AgriBusiness. "We look forward to continuing to serve local farmers at these elevators as we have for the last 14 years.”

Perdue AgriBusiness, part of Perdue Farms, is an international agricultural products and services company. The company sources, merchandises and processes agricultural commodities. According to the 2016 Grain & Milling Annual, Perdue AgriBusiness Grain & Oilseed, LLC currently has 46 grain storage facilities and a grain storage capacity of 58.207 million bushels.

Southern States, established in 1923, has more than 200,000 farmer-members. The cooperative provides a range of farm inputs, including fertilizer, seed, livestock feed, pet food, animal health supplies and petroleum products, as well as other items for the farm and home. It serves its members and non-member customers through 1,200 retail outlets in 23 states.
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