LATRAPS
LATRAPS is the largest agricultural cooperative in the Baltic states, 100% owned by 1,220+ Latvian farmers, operating grain storage, agronomy, crop insurance, fuel, machinery, and emerging pea protein processing for member-owners and international buyers.
- Company typePrivate
- Founded2000
- HeadquartersEleja, Latvia
- Headcount—
- GTM typeB2B
- OfferingServices
What LATRAPS does
LATRAPS is a Latvia-headquartered agricultural cooperative founded in 2000 and 100% owned by its more than 1,220 farmer members, self-described as the largest agricultural cooperative in the Baltic states. The cooperative operates an integrated agri-services platform spanning grain procurement and storage, agronomy services, crop insurance, fuel distribution, logistics, machinery supply, and malt production, generating revenue primarily through service markups on grain trading and adjacent input/services rather than speculative exposure to commodity price risk.
Its physical footprint comprises 8 grain complexes, 26 reception points, and 10 regional offices across Latvia with approximately 230,000 tonnes of grain storage capacity. The cooperative is extending this asset base with the construction of the largest pea protein isolate plant in Northern Europe via its ASNS Ingredient subsidiary in Jelgava, supported by a strategic investment from Pfeifer & Langen and 100+ planned new jobs. LATRAPS also maintains in-house digital tools for integrated planning, analytics, and decision support used across its member network.
LATRAPS serves farmer member-owners (who simultaneously supply grain and consume inputs, insurance, fuel, and machinery services), external grain buyers in more than 30 countries, and downstream customers such as Latvian breweries and bakeries. FY2024-2025 revenue was EUR 254 million with net profit of EUR 2.7 million (1.1% margin), while H1 2025-2026 generated EUR 151.78 million of revenue and EUR 4.55 million of profit. The cooperative has accessed public capital markets via an EUR 8 million Nasdaq Baltic First North bond and maintains an EUR 55 million syndicated credit facility with Luminor and SEB.
LATRAPS firmographics
Firmographics- Name
- LATRAPS
- Legal name
- Lauksaimniecības pakalpojumu kooperatīvā sabiedrība LATRAPS
- Website
- https://latraps.lv
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Short description
- LATRAPS is the largest agricultural cooperative in the Baltic states, 100% owned by 1,220+ Latvian farmers, operating grain storage, agronomy, crop insurance, fuel, machinery, and emerging pea protein processing for member-owners and international buyers.
- Ownership category
- akta.pro rank
LATRAPS industry classification
Industry- Product category
- Agricultural Cooperative Services
- NAICS
- Grain and Field Bean Merchant Wholesalers (424510), Oilseed and Grain Farming (1111)
- SIC
- Agricultural Services (700)
- akta.pro primary industry
- Pulses & Legumes Trading/Wholesale (AFAIAKAG)
- akta.pro secondary industry
- Member-Owned Food Cooperatives (CRAHALAA)
Keywords
Where LATRAPS is headquartered
LocationHeadquarters
- HQ city
- Eleja
- HQ country
- Latvia
- HQ region
- Europe
Offices12 records
Markets served
LATRAPS business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Grain, pea, bean and rapeseed trading: Largest revenue stream — sale of farmer-produced grain, peas, beans and rapeseed on local market and for export; accounts for ~46% of total revenue. Exports to 30+ countries (Spain, Germany, Sweden, Africa, Middle East). Cooperative applies a service markup rather than taking grain price risk.
- Agricultural machinery, spare parts and service (LATRAPS Tehnika): Sale of agricultural machinery (e.g., MASCHIO GASPARDO), spare parts, and full-service support including 24/7 field service across 4 trade and service centres.
- Malt production (LATMALT / SIA LATMALT): Production of barley, rye and wheat malt at malt house in Staļģene; supplied to Latvian breweries and bakeries. Range from traditional Pilsen-type malt to high-quality light rye malt.
- Fuel (degviela) sales: Sale of marked and unmarked diesel fuel and biofuel to agricultural producers; impacted by excise tax changes.
- Logistics and transport services: Transportation of malt, grain and bulk cargo, pallets, fossil fuel and biofuel using 8 truck-tractors with various trailers; cooperation with harvester team for transport directly from field to ports.
- Crop insurance agency services (Sējumu apdrošināšana): Agency services for crop insurance in cooperation with Vereinigte Hagel; enabled cooperative members to insure crops worth EUR 72 million in 2025/2026 H1.
- Crop inputs (seeds, fertilizers, plant protection products): Sale of seeds, fertilizers and crop protection products to farmer members through agronomist-consultants across all regions.
- Public bond financing: Listed bonds on Nasdaq Baltic First North — EUR 8 million raised via 8,000 bonds at EUR 1,000 nominal, 7.5% fixed annual coupon paid quarterly, 4-year maturity. Use of proceeds: ASNS Ingredient pea protein isolate plant.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | LATRAPS public bond — EUR 1,000 nominal, 7.5% fixed annual coupon, 4-year tenor |
| Unit Pricing | One time/ perpetual license | SHELL lubricants — 209 L drum promotion with volume-based free gifts |
Go-to-market motion1 record
Distribution channels7 records
Marketing channels10 records
LATRAPS product offering
Product offeringCore offering
LPKS LATRAPS is the largest agricultural cooperative in the Baltics, 100% owned by more than 1,220 Latvian farmer members, and provides an integrated end-to-end agricultural services platform. The cooperative aggregates and trades member-produced grain, peas, beans and rapeseed (~46% of revenue) for export to 30+ countries, while also supplying crop inputs, fuel, crop insurance, logistics, agricultural machinery, and operating malt and pea protein isolate production subsidiaries.
Product overview
LATRAPS (LPKS LATRAPS) is the largest agricultural cooperative in the Baltics, owned 100% by Latvian farmers, and operates as an integrated platform of agricultural services rather than a single product. The cooperative orchestrates a full farmer-supply chain through several coordinated modules: grain and rapeseed trading (Graudu tirdzniecība), crop-input agronomy and consulting (Augkopība), crop insurance (Sējumu apdrošināšana), fuel supply (Degviela) and logistics (Loģistika), supported by a member portal (Mans LATRAPS), a digital cargo marketplace (Strops), a pea-grower digital map (Zirņu digitālā karte) and a partner-built mobile app for product acceptance (Leyline). On top of this core platform the LATRAPS group runs three processing subsidiaries: LATMALT (malt production in Staļģene), LATRAPS Tehnika (agricultural machinery sales, service and spare parts, including the MASCHIO GASPARDO dealership) and ASNS Ingredient (the pea protein isolate plant under construction in Jelgava). The group also produces rapeseed oil and runs a public bond programme on Nasdaq Baltic First North to finance its development projects.
Differentiator
Problem solved
Functional benefit
Brands
- LATMALT: Malt (iesals) production brand - produces barley, rye and wheat malt at the Staļģene malt house for breweries and bakeries.
- ASNS Ingredient
- LATRAPS Tehnika
- Strops
Products and services
- Grain & rapeseed trading (Graudu tirdzniecība) End-to-end grain, pea, bean and rapeseed trading for cooperative members, including reception at 8 owned pre-processing complexes and 26 partner points, real-time MATIF (Euronext) futures pricing, and export to 30+ countries. Accounts for ~46% of total revenue; LATRAPS applies a service markup rather than taking commodity price risk.
- Agronomy / crop inputs (Augkopība) Agronomic consulting and supply of crop inputs (seeds, fertilizers, plant protection products) to cooperative members, delivered through a regional network of agronomist-consultants across Zemgale, Kurzeme, Latgale and Vidzeme.
- Crop insurance (Sējumu apdrošināšana) Crop insurance agency service for cooperative members operated in partnership with Vereinigte Hagel, enabling farmers to insure their crops against weather and climate risks.
- Fuel supply (Degviela) Sale of marked and unmarked diesel fuel, heating diesel and biodiesel to cooperative members and partners, managed by the Fuel Trading department.
- Logistics / transport services (Loģistika) Transport services for grain, malt, bulk cargo, pallets, fossil fuel and biofuel using 8 truck-tractors with various trailers, with cooperation from harvester teams to move goods directly from field to ports.
- LATMALT (malt production) SIA LATMALT is a wholly-owned LATRAPS subsidiary operating a malt house in Staļļene, Latvia, producing traditional Pilsen-type barley malt, Munich caramel malt, wheat malt, dark barley malts and light rye malt for Latvian breweries and bakeries.
- LATRAPS Tehnika (Agricultural machinery) LATRAPS group agricultural machinery sales, service and spare-parts business unit operating four trade-and-service centres with a 24/7 field-service team; distributes brands such as MASCHIO GASPARDO and SHELL lubricants to Latvian farmers.
- Strops (digital cargo/transport platform) LATRAPS-developed digital freight matching platform connecting cargo owners with carriers (including farmer-owned single trucks and larger fleets) to reduce empty runs, lower transport costs and improve transparency; available as Android and iOS mobile apps and via stropscargo.lv.
- ASNS Ingredient (pea protein isolate) SIA ASNS Ingredient is a majority-owned (51.42%) LATRAPS subsidiary building the largest pea protein isolate production plant in Northern Europe in Jelgava, Latvia, in partnership with strategic investor Pfeifer & Langen International B.V. (total project investment EUR 40 million).
- Rapeseed oil production (Rapšu eļļas ražošana) Rapeseed oil and rapeseed cake production, operated by LATRAPS group as a downstream processing activity.
- LATRAPS public bond programme Public bond offering by LPKS LATRAPS listed on Nasdaq Baltic First North: up to 8,000 bonds at EUR 1,000 nominal, 7.5% fixed annual coupon paid quarterly, 4-year maturity, single bullet principal repayment; proceeds earmarked for the ASNS Ingredient pea protein plant.
Quantifiable outcome
- EUR 254 million turnover in 2024/2025 (audited, +4% YoY)
- +7 more outcomes
Companies that use LATRAPS
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles5 records
LATRAPS technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature5 records
LATRAPS partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered flagship, core and minor.
- Pfeifer & Langen International B.V.flagshipStrategic investor in SIA ASNS Ingredient (LATRAPS group subsidiary) and European food-industry leader partnering on Northern Europe's largest pea protein isolate plant under construction in Jelgava. Together with bond financing and LATRAPS equity, the project totals EUR 40 million.
- TGS BalticcoreCooperation partner for LATRAPS' first public bond issuance — provides legal/advisory services supporting the bond offering.
- MASCHIO GASPARDOflagshipStrategic cooperation agreement signed (December 2025) making LATRAPS Tehnika an official MASCHIO GASPARDO dealer in Latvia for agricultural machinery sales, full-service support and spare-parts availability; joins existing partner VAKS KS for 100% national coverage.
- VAKS KScorePre-existing MASCHIO GASPARDO dealer partner in Latvia; will jointly with LATRAPS Tehnika provide 100% national coverage of MASCHIO GASPARDO agricultural machinery sales and service.
- Vereinigte HagelcoreCooperation enabling LATRAPS members to insure crops via Vereinigte Hagel; in H1 2025/2026 enabled crop insurance coverage worth EUR 72 million for members — important risk-management partnership.
- Asns Ingredient (SIA ASNS Ingredient)flagshipLATRAPS group subsidiary (LATRAPS owns 51.42%) building the largest pea protein isolate production plant in Northern Europe in Jelgava; total project investment EUR 40 million; first test production targeted H2 2026, full operation by 2027.
- Latvijas Lauksaimniecības kooperatīvu asociācija (LLKA)minorIndustry association partner — LATRAPS logo displayed alongside LLKA, Zemnieku Saeima, VAKS, Durbes Grauds as part of the Latvian agricultural cooperative ecosystem.
- Zemnieku SaeimaminorIndustry association partner — displayed in LATRAPS partner ecosystem on the EN news page.
- Durbes GraudsminorPartner grain reception point — part of LATRAPS network of partner-operated grain reception locations across Latvia.
- Rēzeknes DzirnavnieksminorPartner grain reception point accepting pea deliveries for LATRAPS Pea Championship and general grain trading.
- SHELLminorSHELL lubricant brand distributed by LATRAPS Tehnika; joint promotion in October–November 2025 with 20% discount and free gifts on SHELL 209 L oil drums.
- Agroresursu un ekonomikas institūts (AREI)coreResearch partner in EU-funded EIP project "Iesala miežu audzēšanas tehnoloģijas kvalitatīvai izejvielai, efektīvai mēslošanas praksei un barības vielu pārvaldībai" (No. 25-00-C0LA1601-000011) implemented under the European Agricultural Fund for Rural Development (EAFRD) and CAP Strategic Plan 2023-2027.
Scale indicators17 records
Recent moves9 records
Expansion highlights8 records
LATRAPS competitors and assessment
Company assessmentDirect peers
- VAKS: VAKS is a Latvian agricultural cooperative that is an existing partner of LATRAPS in MASCHIO GASPARDO machinery distribution and a peer grain cooperative serving Latvian farmers. Both entities operate multi-regional grain trading, input supply, and member-service platforms in the Latvian market.
- Durbes Grauds: Durbes Grauds is a Latvian agricultural cooperative and LATRAPS partner grain reception point, serving Latvian farmer members with grain trading and agricultural services. Comparable to LATRAPS in member-owned cooperative structure and core grain-trading / input-supply business model.
Broad incumbents
- BayWa AG: BayWa is a large German agricultural cooperative / agribusiness group active in grain trading, agricultural inputs, machinery, and energy. Comparable to LATRAPS as a farmer-owned agribusiness platform, though operating at much larger scale across multiple European countries.
- AGRAVIS Raiffeisen AG: AGRAVIS is a major German agricultural cooperative providing grain trading, agricultural inputs, feed production, machinery, and energy services. Peer to LATRAPS in cooperative structure and broad agribusiness service portfolio, but at significantly greater scale and geographic reach.
- Soufflet Group (InVivo): Soufflet, now part of France's InVivo cooperative group, is a major European agricultural cooperative active in grain collection, trading, and agricultural inputs. Comparable to LATRAPS as a farmer-owned grain and inputs platform with pan-European reach.
- Cargill: Cargill is one of the world's largest agricultural commodity traders, with extensive grain origination, trading, and processing operations globally. Comparable to LATRAPS in core grain trading activity, though operating at far greater scale and as a privately held corporation rather than a cooperative.
- Archer Daniels Midland (ADM): ADM is a global agribusiness and grain trading major, with origination, processing, and ingredient businesses overlapping LATRAPS' grain trading and (via ASNS Ingredient) plant-protein ambitions. A broad incumbent comparable in commodity handling rather than cooperative structure.
Emerging players
- Roquette: Roquette is a global leader in plant-based ingredients, including pea protein for food and nutrition markets. Comparable to LATRAPS' ASNS Ingredient venture as a competitor in the pea protein isolate space that LATRAPS' Northern Europe plant will enter from 2026/2027.
- Cosucra Groupe Warcoing: Cosucra is a Belgian family-owned producer of pea protein isolates, native starches, and chicory-based ingredients. Directly comparable to LATRAPS' ASNS Ingredient pea protein isolate business — overlapping target market in plant-based protein ingredients for food manufacturers.
Others
- Pfeifer & Langen International B.V. Pfeifer & Langen is a major European sugar and food-ingredient group and LATRAPS' strategic investor in ASNS Ingredient. Comparable as a downstream food-industry customer/partner whose expertise underpins LATRAPS' pea protein isolate push into continental food markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
LATRAPS social profiles
Digital presenceLATRAPS compliance and trust
Trust signalCompliance2 records
LATRAPS financial estimates
Financial estimateRevenue estimate
Valuation estimate
LATRAPS leadership team
Management profileNumber of profiles
Profiles10 records
LATRAPS subsidiaries and ownership
Company hierarchySubsidiaries3 records
LATRAPS funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LATRAPS M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LATRAPS
What does LATRAPS do?
LPKS LATRAPS is the largest agricultural cooperative in the Baltics, 100% owned by more than 1,220 Latvian farmer members, and provides an integrated end-to-end agricultural services platform. The cooperative aggregates and trades member-produced grain, peas, beans and rapeseed (~46% of revenue) for export to 30+ countries, while also supplying crop inputs, fuel, crop insurance, logistics, agricultural machinery, and operating malt and pea protein isolate production subsidiaries.
Is LATRAPS a public or private company?
LATRAPS is a private company. It is classified as management employee owned and is currently operating.
When was LATRAPS founded?
LATRAPS was founded in 2000.
Where is LATRAPS based?
LATRAPS is headquartered in Eleja, Latvia, in the Europe region.
How does LATRAPS make money?
Eight revenue lines are on record. Grain, pea, bean and rapeseed trading is the primary driver. The others are agricultural machinery, spare parts and service (LATRAPS Tehnika), malt production (LATMALT / SIA LATMALT), fuel (degviela) sales, logistics and transport services, crop insurance agency services (Sējumu apdrošināšana), crop inputs (seeds, fertilizers, plant protection products) and public bond financing.
Who are LATRAPS's main competitors?
Direct peers on record are VAKS and Durbes Grauds. Broad incumbents are BayWa AG, AGRAVIS Raiffeisen AG, Soufflet Group (InVivo), Cargill and Archer Daniels Midland (ADM). Emerging players are Roquette and Cosucra Groupe Warcoing. Pfeifer & Langen International B.V. is listed as an others.
Does LATRAPS have an API?
No public API is recorded for LATRAPS.
What industry is LATRAPS in?
LATRAPS's product category is Agricultural Cooperative Services. Its primary akta.pro industry code is AFAIAKAG, Pulses & Legumes Trading/Wholesale, with a secondary code of CRAHALAA, Member-Owned Food Cooperatives. Its NAICS code is 424510 and its SIC code is 700.