Farmway, CVA Boards Approve Next Step In Potential Merger


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After a review of the recently completed merger study, the Board of Directors of Farmway Co-op, Inc. (Farmway) and Central Valley Ag (CVA) both unanimously approved the next step in a merger of the two cooperatives. The merger proposal will now be presented to Farmway members for a vote.

“By combining two strong financially-stable cooperatives in a merger, a unified cooperative would provide the opportunity for expanded services and facilities, increased savings, and accelerated equity redemptions for the benefit of our member-owners,” said Tim Porter, Farmway Board Chairman. “The Board of Directors asks for member-owner support by voting YES to the unification.”

“The results of the merger study were conclusive and both Boards felt strongly in proceeding with a merger of CVA and Farmway,” said Dave Beckman, Chairman of the Board for Central Valley Ag. “The study outlined benefits in terms of improved efficiencies and cost savings, which we will feel bring additional value to members of both cooperatives.

Initial merger discussions between the cooperatives began in January 2017, with the respective boards meeting in April to unanimously approve an Agreement and Plan of Merger. Farmway will host area informational meetings throughout May starting with the Farmway Annual Meeting May 4th so members can better understand the results of the recently completed merger study and ask questions regarding the proposed merger. Shortly thereafter, Farmway will hold a series of voting meetings for the Farmway membership to vote regarding the merger. Farmway voting members are highly encouraged to attend these meetings and vote.

Member Informational Meetings:
1. Thursday, May 4: Annual Meeting, 6:00 p.m. St. John’s High School, Beloit
2. Tuesday, May 9: Tipton Community Center
3. Wednesday, May 10: Lincoln Finch Theatre
4. Thursday, May 11: Clay Center United Methodist Church
5. Tuesday, May 16: Concordia Parish Hall
6. Wednesday, May 17: Scandia TBD
7. Thursday, May 18: Clifton American Legion

Member Voting Meetings:
1. Tuesday, May 23: Lincoln Finch Theatre
2. Wednesday, May 24: Tipton Community Center
3. Thursday, May 25: Clay Center United Methodist Church
4. Tuesday, May 30: Concordia Parish Hall
5. Wednesday, May 31: Clifton American Legion
6. Thursday, June 1: Scandia TBD
7. Tuesday, June 6: Beloit Municipal Building

Additional information regarding the times and locations of the meetings will be posted on the Farmway website and shared in the future.

For the merger to be finalized, Farmway members must approve by a super majority, which is defined as 66%. Voting by Farmway members will take place over the dates shared previously, and all Farmway voting members are encouraged to attend and vote.

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

Central Valley Ag is a farmer-owned cooperative headquartered in York, Neb. 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 http://www.cvacoop.com.

Mallory Wittstruck, VP Communications & Member Services
Farmway Co-op, Inc.
Email: mwittstruck@farmwaycoop.com
Phone: (785) 738-0753

Tom Palmertree, Senior VP Marketing
Central Valley Ag
Email: tom.palmertree@cvacoop.com
Phone: (402) 362-8437

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Derek Nester
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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