farmers elevator & exchange

What farmers elevator & exchange does

Farmers Elevator & Exchange, Inc. is a privately-held agricultural cooperative headquartered in Wapello, Iowa, serving row-crop producers, livestock operators, and rural residents in Louisa County and the surrounding Southeast Iowa region. The company operates through five integrated divisions: Grain (4.6 million bushels of storage capacity with direct-ship access to GPC-Muscatine, Bunge-Meeker's Landing, and Big River Resources-West Burlington, plus a range of basis, deferred pricing, and hedge-to-arrive contracts), Agronomy (crop protection, custom fertilizer blending and application, and seed sales across corn, soybeans, alfalfa, pasture, and cover crops), Energy (refined fuels, propane contracting, Cenex lubricants, and a 24-hour Keytrol/Cardtrol fueling station), Feed (Kent, Hubbard, MoorMan's ShowTec, Sunglo, and Show-Rite brands plus livestock equipment), and Farm Store (hardware, plumbing, electrical, fencing, custom hydraulic hoses, UPS shipping, and PartScription access to 9M+ parts).

The business model is transaction-fee across all five divisions, with quote-based pricing that is not publicly disclosed and grain cash bids posted on the website based on 10-minute delayed futures. Customer relationships are account-based and managed through the FarmerData platform, which also provides bid alerts, weather data, and USDA report integration. The cooperative is governed by a farmer-member Board of Directors (President Reed Dowell, Vice President Marvin Hardy Jr., Secretary Jasey Moore, and four Directors) and maintains privately-traded shares through private stockholder transactions. Revenue and headcount are not publicly disclosed; commodity-cycle exposure on the grain and energy sides is a primary earnings driver, while agronomy, feed, and farm store provide counter-cyclical stability.

Name

farmers elevator & exchange

Legal name

Farmers Elevator & Exchange, Inc.

Website

https://farmerseande.com

Company type

Private

Operating status

Operating

Short description

Farmers Elevator & Exchange is a private agricultural cooperative in Southeast Iowa operating five divisions — grain storage and marketing, agronomy, energy, feed, and farm store retail — serving farmer-members in Louisa County and surrounding regions.

Ownership category

akta.pro rank

Product category

Agricultural Cooperative Services

NAICS

Farm Product Warehousing and Storage (493130), Grain and Field Bean Merchant Wholesalers (424510), Other Farm Product Raw Material Merchant Wholesalers (424590), Farm Supplies Merchant Wholesalers (42491)

SIC

Wholesale-Farm Product Raw Materials (5150), Agricultural Services (700)

akta.pro primary industry

Country & Inland Grain Elevators (Receiving/Shipping) (AFAOAAAA)

akta.pro secondary industries

Bulk Grain Conveying & Handling Systems (Conveyors/Legs/Spouts) (AFAOAAAI), Bulk Loadout Systems (Railcar/Truck/Vessel) (AFAOAAAH), Grain Merchandising & Origination Facilities (AFAOAAAD), Seed Handling & Conveying Systems (Elevators, Augers, Pneumatic) (AFAOADAM)

Keywords

• Grain elevator services
• Agronomy supplies
• Agricultural feed products
• Fuels and propane
• Farm store retail

Headquarters

HQ city

Wapello

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Grain Storage & Marketing: Grain storage services with 4.6 million bushels capacity, grain marketing, contracting options (basis contracts, cash sales, deferred payment, delayed pricing, hedge-to-arrive, seasonal mean price), direct shipping to terminals, and custom drying.
2. Agronomy Products & Services: Crop protection products (bulk, mini-bulk, and prepackaged), custom application of crop protection products and fertilizers, seed corn, seed beans, alfalfa, grass, pasture, and waterway seed sales. Fertilizer products include anhydrous ammonia, liquid UAN, urea, MAP, DAP, and potash.
3. Energy Products: Refined fuels (farm delivery, spot purchasing, contracting, tank sales and leasing), propane (home heat contracts, dryer gas contracts, tank services), and Cenex lubricants/oils. 24-hour fueling station with unleaded, unleaded plus, on-road diesel, and off-road diesel.
4. Feed Products: Full line of Kent and Hubbard Feeds, custom bagged and bulk feeds, Kent Show Feeds, MoorMan's ShowTec, Sunglo, and Show-Rite show feeds, livestock supplies including Sullivan Supply products and Feed Train creep feeders.
5. Farm Store Retail: Hardware, farm supplies, electrical supplies, plumbing supplies, paints, lumber, lawn care, pet care, fencing supplies, shop supplies, and services including LP cylinder filling, key cutting, pipe threading, glass cutting, custom hydraulic hoses, and package shipping via UPS. PartScription access to over 9 million parts and accessories.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Farmers Elevator & Exchange is a farmer-owned agricultural cooperative operating five integrated divisions in Southeast Iowa: grain storage and marketing with 4.6 million bushels of capacity, agronomy services (crop protection, custom fertilizer application, seed sales), energy products (refined fuels, propane, Cenex lubricants), feed products (Kent, Hubbard, and show feed lines), and a farm/hardware store with custom services such as key cutting, pipe threading, and hydraulic hose fabrication. The company sells directly to local farmers and rural residents via physical locations in Wapello and Kalona, with on-farm delivery for fuels, propane, fertilizers, and feed.

Product overview

Farmers Elevator & Exchange operates as an agricultural cooperative offering five core divisions: Grain Division (grain storage, marketing, trucking, and custom drying with various contract options), Agronomy Division (crop protection, fertilizer products and application, and seed sales), Energy Division (refined fuels, propane services, and Cenex lubricants), Feed Division (commercial and show feeds including Kent, Hubbard, MoorMan's, Sunglo, and Show-Rite brands with livestock equipment), and Farm Store (retail hardware and farm supplies with services like custom hydraulic hoses and parts access). The divisions operate together to serve agricultural customers in Louisa County and surrounding areas of Southeast Iowa.

Differentiator

Problem solved

Functional benefit

Products and services

• Grain Storage and Marketing Grain division providing 4.6 million bushels of storage, custom drying, trucking, and multiple contract options (Basis Contract, Cash Sales, Deferred Payment, Delayed Pricing, Hedge-to-Arrive, Seasonal Mean Price, Insight) with direct shipping to regional grain terminals in Southeast Iowa.
• Agronomy Products and Custom Application Agronomy division supplying crop protection products (bulk, mini-bulk, prepackaged), fertilizer products (anhydrous ammonia, liquid UAN, urea, MAP, DAP, potash) with custom blending and application, soil sampling, and seed sales including corn, soybeans, alfalfa, grass, pasture, and waterway seed.
• Energy Products and Propane Services Energy division offering refined fuels with farm delivery, spot purchasing, contracting, and tank sales and leasing; propane for home heat contracts, dryer gas contracts, and tank servicing; Cenex lubricants and oils; and a 24-hour Keytrol/Cardtrol fueling station carrying unleaded, unleaded plus, on-road diesel, and off-road diesel.
• Feed Products and Livestock Supplies Feed division supplying Kent Feeds and Hubbard Feeds full line, custom bagged and bulk feeds, Kent Show Feeds, MoorMan's ShowTec, Sunglo, and Show-Rite show feeds, plus livestock supplies including Sullivan Supply products, Feed Train creep feeders, and PolyDome calf warmers.
• Farm Store Retail and Services Farm Store retail operation selling hardware, farm supplies, electrical and plumbing supplies, paints, lumber, lawn care, pet care, fencing, and shop supplies, along with services including LP cylinder filling, key cutting, pipe threading, glass cutting, custom hydraulic hose fabrication, UPS package shipping, and PartScription access to over 9 million parts and accessories.

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Three partnerships are on record, tiered core.

• Grain Processing Corporation (Muscatine, IA)coreOthersGrain terminal destination for direct ship grain from Farmers Elevator & Exchange facilities. Located in Muscatine, IA.
• Bunge Grain (Meeker's Landing)coreOthersBunge grain terminal at Meeker's Landing used for direct shipping of grain from FEE facilities.
• Big River Resources West Burlington, LLCcoreOthersEthanol plant and grain terminal in West Burlington, IA serving as direct ship destination for FEE grain.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• CHS Inc. One of the largest U.S. ag cooperatives, operating grain origination, agronomy, energy, and feed businesses nationally. Comparable divisions but vastly larger scale and broader footprint than FEE.
• Growmark: Large Midwestern agricultural cooperative system supplying energy, agronomy, and grain marketing services across multiple states. Broader geographic reach and broader portfolio than FEE but operates in the same farmer-member distribution model.
• ADM (Archer Daniels Midland): Global agribusiness and grain processor with significant Iowa origination footprint (Burlington terminal referenced in FEE's cash bids). Functions as a downstream buyer of grain but also operates origination services that overlap with country elevator models.

Direct peers

• NEW Cooperative: Iowa-based grain and agronomy cooperative operating country elevators and offering crop inputs across north-central Iowa. Directly comparable multi-division model (grain, agronomy, feed) serving farmer-members in Iowa.
• Heartland Co-op: Iowa grain and agronomy cooperative with country elevators, grain storage, agronomy services, and feed. Closely mirrors FEE's integrated model and serves an overlapping Iowa farmer base.
• Landus: Large Iowa farmer-owned cooperative operating grain, agronomy, and feed divisions across the state. Comparable five-division structure with significant grain storage and direct-ship capabilities.
• West Central Cooperative: Iowa-based agricultural cooperative offering grain marketing, agronomy, feed, and energy services from country elevator locations. Similar scale and integrated farmer-member business model to FEE.
• MaxYield Cooperative: Iowa grain and agronomy cooperative with country elevators, grain storage, and agronomy services across northern Iowa and southern Minnesota. Direct comparable on integrated grain/agronomy offering and member structure.
• Key Cooperative: Iowa-based agricultural cooperative offering grain, agronomy, energy, and feed services from central Iowa locations. Similar integrated country elevator model serving farmer-members.

Regional players

• Pro Cooperative: Northwest Iowa agricultural cooperative providing grain marketing, agronomy, and energy services. Comparable integrated divisions but operates in a different Iowa geography than FEE's southeast Iowa footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/farmerseande

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 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 farmers elevator & exchange