CVA buys Laurel Agrex

LAUREL — Laurel Agrex employees found out last week they would be working for a new owner.

Central Valley Ag Cooperative announced plans to purchase the Agrex Inc. shuttle loader facility here.

CVA will take over ownership of this Agrex facility effective May 12.

“This purchase of this asset will allow CVA to provide more diverse cropping and marketing opportunities to our patrons in northeast Nebraska,” said Casey Potter, Senior Vice President of Grain at CVA. “It will also allow CVA to have more competitive access to rail markets for other CVA assets in the area.”

The 110-car BNSF shuttle loader facility consists of 1.6 million bushels of upright bin space and 1-million-bushel bunker space as well as a loop track for rail loading.

“Bringing this asset into CVA’s operation allows patrons access to our full slate of traditional and non-traditional marketing solutions for their grain,” said Potter.

Agrex Inc. is a well-known player in the U.S. and international grain markets, with 12 locations and nearly 150 employees, as well as several joint ventures that add to its network of grain origination areas.

The role of Agrex in the grain, feed and food ingredient value chains allows the company to work closely with producers to market their grain to end-users and manufacturers worldwide.

Central Valley Ag is a farmer-owned cooperative headquartered in York.

CVA has locations in Iowa, Kansas, and Nebraska. CVA is an innovative leader providing products and services in grain, agronomy, feed, and energy.