Progeny Ag products

What Progeny Ag products does

Progeny Ag Products is the consumer-facing brand of Erwin-Keith, Inc., a privately held agricultural seed company founded in 1984 as a seed cleaning facility in McCrory, Arkansas. The company develops, produces, and distributes proprietary seed varieties across four core crop categories — corn hybrids, wheat, soybeans, and rice — selling to Southern U.S. farmers and an authorized dealer network operating across roughly nine to twelve southern states from Texas through the Carolinas. The product portfolio is built on in-house proprietary breeding (the PGY corn hybrid series, named wheat varieties such as #CHAD and #TURBO, and the P-series soybean line) integrated with licensed biotech traits from Bayer (Roundup Ready 2 Xtend, XtendFlex, VT Double PRO, SmartStax, DroughtGard) and Corteva (Enlist E3, Herculex, PowerCore), plus two long-grain rice varieties (RU1701081, RU1701084) licensed in 2020 from the University of Arkansas System Division of Agriculture.

The company is headquartered in Wynne, Arkansas, and operates five owned facilities across the state — including a rail-served main site at Hwy 64, a Wynne Rail Facility, the original seed-cleaning site at Hwy 49 in McCrory, a Waldenburg seed facility, and a Marked Tree plant opened in 2016. Beyond seed products, Progeny operates an integrated services platform: a company-owned transportation fleet (dry van, hopper bottom, auger van, flatbed) covering Texas, Oklahoma, Kansas, Missouri, Arkansas, Louisiana, Mississippi, Tennessee, and Kentucky, alongside grain marketing programs for rice growers (Hedge to Arrive, Basis Only, Average Pricing Program).

The business employs 51-100 full-time staff, including territory-based regional sales representatives covering eight defined southern geographies, dedicated production and logistics leads, and a Product Development Manager. Go-to-market runs through both direct field sales and an authorized dealer channel; revenue is generated via proprietary seed sales (one-time license-style purchases at the grower level), transportation services (transaction-fee logistics), grain marketing programs (transaction fees on hedging and basis activity), and seed cleaning/processing services. Product placement is supported by multi-year (2022-2025) public performance trials run through 11-12 southern university systems and third-party agronomic operators including Delta Crop & Research, Fowler Crop Consulting, Tidewater Agronomics, and Wheat Tech.

Name

Progeny Ag products

Legal name

Progeny Ag Inc

Website

https://progenyag.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

51–100 employees

Short description

Progeny Ag Products is the seed brand of Erwin-Keith, Inc., a privately held Arkansas-based agricultural company developing and distributing proprietary corn, wheat, soybean, and rice varieties to Southern U.S. farmers and dealers across roughly nine to twelve states.

Ownership category

akta.pro rank

Product category

Agricultural Seed Products

NAICS

Oilseed and Grain Farming (1111)

SIC

Agricultural Production-Crops (100)

akta.pro primary industry

Grain Seed Production (Cereal Seed Multiplication) (AFAGAAAI)

akta.pro secondary industries

Cereal & Grain Seeds (Wheat, Barley, Oats, Rye) (AFABAFAB), Seed Distribution & Wholesale (Channel Sales) (AFAGAIAM), Seed & Trait Distribution (Dealer Networks) (AFABAJAD)

Keywords

• Agricultural seed products
• Corn hybrid seed
• Wheat varieties
• Soybean varieties
• Rice seed production

Headquarters

HQ city

Arusha

HQ country

Tanzania

HQ region

Africa

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Seed Sales: Sale of proprietary seed products including corn hybrids, wheat, soybeans, and rice to farmers and dealers. Revenue generated through direct sales to growers and through dealer network distribution.
2. Grain Marketing Programs: Marketing programs including Hedge to Arrive (HTA), Basis Only (BO), and Average Pricing Program (APP) for rice that help growers manage price risk and optimize selling positions.
3. Transportation Services: Logistics and transportation services covering Texas, Oklahoma, Kansas, Missouri, Arkansas, Louisiana, Mississippi, Tennessee, and Kentucky with dry van, hopper bottom, auger van, and flatbed capabilities.
4. Seed Cleaning and Processing: Seed cleaning facility services, originally the basis of the company in 1984. Services for seed processing and quality control.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Progeny Ag Products develops, produces, and distributes proprietary agricultural seed varieties (corn hybrids, wheat, soybeans, and rice) to farmers and seed dealers across the southern United States. The company also operates a transportation logistics fleet covering nine states and offers grain marketing programs (HTA, Basis Only, Average Pricing Program) to support rice growers with price risk management.

Product overview

Progeny Ag Products is the brand of Erwin-Keith, Inc., an agricultural seed company established in 1984. The company provides a portfolio of proprietary seed products across four core categories: corn hybrids (launched 2015), wheat varieties (including the first proprietary variety EK 114 in 1996), soybean varieties (launched 1997 alongside wheat), and rice products (supplied through Erwin-Keith with licensed varieties from University of Arkansas). The product line spans multiple herbicide tolerance trait technologies including TRECEPTA, VT DOUBLE PRO, ROUNDUP READY, XTEND, XTENDFLEX, ENLIST E3, and LibertyLink. Beyond seed products, the company offers transportation logistics services across nine states and grain marketing programs (HTA, BO, APP) to support farmers and dealers.

Differentiator

Problem solved

Functional benefit

Brands

• Progeny: The primary brand name under which Erwin-Keith, Inc. markets its seed products including corn, wheat, soybeans, and rice

Products and services

• Progeny Corn Hybrids Corn seed hybrids offered in multiple trait packages including TRECEPTA, VT DOUBLE PRO, and ROUNDUP READY 2. Products include PGY 2010TRE, PGY 9114VT2P, PGY 9114RR, PGY 2314TRE, PGY 2314RR, PGY 2515TRE, PGY 2517VT2P, PGY 9117VT2P, PGY 2118VT2P, PGY 2419TRE. Intended for southern U.S. corn growers.
• Progeny Wheat Varieties Wheat seed varieties including CHAD, TURBO, BUSTER, BINGO, and COLT. The company launched its first proprietary wheat product EK 114 in 1996. Targeted at southern U.S. wheat growers with variety selection and quality control.
• Progeny Soybean Varieties Soybean varieties offered with multiple herbicide tolerance traits including ROUNDUP READY 2 XTEND, XTENDFLEX, and ENLIST E3. Products include P 4505RXS, P 4515XFS, P 4556XFS, P 4604XFS, P 4623XF, P 4734XFS, P 4758E3S, P 4821RX, P 4824XF, P 4825E3S, P 4842XFS, P 4848XF, P 4867E3, P 4947XFS, P 4999E3S, P 5056XFS, P 5221XFS, P 5284E3S, P 5335XFS, P 5525XF, P 5554RX, P 5751XF, P 6226XF, P 6461RX, P 6685XFS. Developed for southern U.S. growers.
• Progeny Rice Products Rice seed products including ProGold M3 and ProGold L4, featuring licensed varieties from University of Arkansas System Division of Agriculture (RU1701081 and RU1701084).
• Transportation Services Logistics and transportation services covering Texas, Oklahoma, Kansas, Missouri, Arkansas, Louisiana, Mississippi, Tennessee, and Kentucky using Dry Van, Hopper Bottom, Auger Van, and Flatbed equipment. Supports delivery of seed and grain products across the southern U.S.
• Grain Marketing Programs Marketing program options including HTA (Hedge to Arrive), BO (Basis Only), and APP (Average Pricing Program) for rice growers. These programs help growers manage price risk and optimize selling positions across the marketing year.

Quantifiable outcome

• Over 40 years of seed industry experience since 1984
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• University of Arkansas System Division of AgriculturecoreStrategic or Co-development Partner · 1 February 2020Licensed two commercially released rice varieties (RU1701081 and RU1701084) from the University of Arkansas System Division of Agriculture. These long-grain rice varieties were made available to growers starting with the 2021 growing season. This partnership provides access to university-developed germplasm for the company's rice product portfolio.
• Southern University Agricultural SystemscoreStrategic or Co-development PartnerPartnership with university variety testing programs across Alabama, Arkansas, Georgia, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas, and Virginia. Universities serve as verification partners for product placement of Progeny varieties, with company personnel visiting the majority of testing sites for corn, soybeans, and wheat.
• Bayer GroupcoreTechnology or IntegrationProgeny Ag Products commercializes Bayer seed technologies including Roundup Ready 2 Technology, Roundup Ready 2 Xtend, SmartStax, VT Double PRO, and DroughtGard. The company is a member of Excellence Through Stewardship (ETS) and complies with Bayer's Biotechnology-Derived Plant Products stewardship guidelines.
• Corteva AgrisciencecoreTechnology or IntegrationProgeny Ag Products commercializes Corteva seed technologies including Enlist, Herculex, and PowerCore traits. Products containing Enlist E3 soybean technology (jointly developed by Corteva and M.S. Technologies) are offered in the company's soybean lineup. Company is an ETS member following Corteva stewardship guidelines.

Scale indicators4 records

Recent moves15 records

Expansion highlights5 records

Direct peers

• Axis Seed: Independent seed brand offering corn, soybean, and other row-crop varieties through independent dealers across the Midwest and South. Comparable to Progeny in its independent, dealer-led distribution model with multi-state regional coverage.
• Armor Seed: Mid-South-focused independent seed company offering corn, soybean, and rice varieties tailored to southern growing conditions. Comparable to Progeny in its southern geographic focus, multi-crop portfolio, and dealer distribution model.
• Beck's Hybrids: Family-owned, independent regional seed company that develops and sells proprietary corn, soybean, wheat, and alfalfa seed through a dense dealer and field-sales network across the U.S. Midwest — the closest functional analog to Progeny's vertically integrated, proprietary-genetics, dealer-driven southern model.
• Dyna-Gro Seed: Regional seed brand offering corn, soybean, wheat, and rice varieties through independent dealers across the South and Midwest. Comparable to Progeny for its multi-crop southern row-crop portfolio and dealer-based distribution.
• Stine Seed: Privately held, family-owned seed company that breeds and markets proprietary corn and soybean genetics through a regional dealer network, comparable to Progeny in its private status, proprietary breeding focus, and dealer-led go-to-market.

Broad incumbents

• LG Seeds (AgReliant Genetics): National seed brand offering corn, soybean, sorghum, and alfalfa genetics via a regional dealer network. Comparable to Progeny for dealer-led U.S. distribution of proprietary row-crop seed, though with broader geographic reach.
• Croplan (WinField United): National seed brand (formerly Croplan Genetics) distributing corn, soybean, and other row-crop seed through ag retail and dealer partners. Comparable to Progeny in trait-stacked row-crop seed sold through southern U.S. ag retailers.
• Corteva Agriscience (Pioneer): Global seed and crop protection major whose Pioneer brand dominates U.S. corn and soybean seed sales through the largest direct-sales rep force. Comparable to Progeny as a supplier of proprietary trait stacks (which Progeny itself licenses) and a competing southern row-crop seed brand.
• AgriGold: Established corn and soybean seed brand (owned by Bayer) that distributes through a large regional dealer network across the U.S. Comparable to Progeny in trait access, dealer GTM, and multi-state field-sales coverage.

Emerging players

• Local Seed Company: Independent regional seed company developing and marketing corn and soybean varieties for southern and Mid-South row-crop growers via dealers. Comparable to Progeny as a regionally-tailored, genetics-focused seed brand serving southern farmers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/agprogeny
• LinkedInlinkedin.com/company/erwin-keith-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Progeny Ag products