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Wednesday, October 27, 2021

Farmway Coop And Central Valley Ag Considering Merger

The Board of Directors for both Central Valley Ag and Farmway Co-op, Inc. have each voted unanimously to begin a formal study regarding the possibility of merging the two cooperatives. This study will be considered and reviewed by both cooperatives to determine if consolidation and merger would be beneficial to the members of both cooperatives.

“Increasing and improving the value to the members of Farmway and CVA is our primary focus,” said Dave Beckman, Chairman of the Board for Central Valley Ag. “This study is a great first step that will allow us to determine if a merger will indeed improve such value through improved efficiencies and collaborative efforts.”

Tim Porter, Chairman of the Board for Farmway added, “The agricultural marketplace is changing rapidly and we are committed to be a partner in growth with our customers. Both CVA and Farmway have many strong common values and we feel it is wise to explore a merger to ensure we are keeping our commitment of growth with our customers.”

Completion of the study is expected within 60-90 days. Further action related to a merger will be done once the study has been completed and diligently reviewed and discussed by each organization’s Board of Directors.

Central Valley Ag is a farmer-owned cooperative headquartered in York, NE. CVA has locations in Iowa, Kansas, and Nebraska. CVA is an innovative leader providing products and services in grain, agronomy, feed, and energy. You can find more information about Central Valley Ag by visiting www.cvacoop.com

Farmway is focused on helping their producer-owners succeed. Headquartered in Beloit, KS, Farmway has 37 locations across nine counties in North Central Kansas, offering energy, agronomy, feed and grain solutions. Find out more about Farmway by visiting www.farmwaycoop.com.

Derek Nesterhttps://sunflowerstateradio.com
Derek Nester was born and raised in Blue Rapids and graduated from Valley Heights High School in 2000. He attended Cowley College in Arkansas City and Johnson County Community College in Overland Park studying Journalism & Media Communications. In 2002 Derek joined Taylor Communications, Inc. in Salina, Kansas working in digital media for 550 AM KFRM and 100.9 FM KCLY. Following that stop, he joined Dierking Communications, Inc. stations KNDY AM & FM as a board operator and fill-in sports play-by-play announcer. Starting in 2005 Derek joined the Kansas City Chiefs Radio Network as a Studio Coordinator at 101 The Fox in Kansas City, a role he would serve for 15 years culminating in the Super Bowl LIV Championship game broadcast. In 2021 he moved to Audacy, formerly known as Entercom Communications, Inc. and 106.5 The Wolf and 610 Sports Radio, the new flagship stations of the Kansas City Chiefs Radio Network, the largest radio network in the NFL. Through all of this, Derek continues to serve as the Digital Media Director for Sunflower State Radio, the digital and social media operations of Dierking Communications, Inc. and the 6 radio stations it owns and operates across Kansas.

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