Farmers Cooperative Association (FCA) Members Vote to Approve Merger with Gold-Eagle Cooperative (GEC)

Goldfield, IA, Release: May 17, 2024.

The Boards of Directors from Farmers Coop Association (FCA) and Gold-Eagle Cooperative (GEC) are pleased to announce that FCA members have approved the merger proposal with Gold-Eagle Cooperative. The vote by FCA’s membership met Iowa’s state voting requirement for a successful cooperative merger with over 50% of their Class A members turning in ballots. The membership voted 95% in favor of the merger, well over the required two-thirds majority. Gold-Eagle will acquire the assets and liabilities of Farmers Coop Association and the merged company will operate under Gold-Eagle Cooperative effective July 1, 2024.

Gold-Eagle Coop looks forward to welcoming the members and employees of FCA into the fold and wish to thank the FCA membership for the trust placed in GEC by voting in favor of the merger. Gold Eagle Cooperative, founded in 1908 by local farmers, has grown over the last 100+ years to include grain, agronomy, energy, feed, and a partnership with the CORN, LP ethanol plant in North Central Iowa. Farmers Coop Association’s focus on quality products and customer support aligns well with Gold-Eagle’s operations. Gold-Eagle is excited to bring on FCA’s businesses and locations to streamline processes, cut costs, and better utilize resources to ultimately benefit the farmer patrons.

With the merger, Gold-Eagle’s Board of Directors will expand to include two voting directors and one associate from FCA’s board for a total of eleven directors and two associates. FCA’s General Manager, Randy Broesder, will help ease the transition in the coming weeks until he is set to retire at the end of June. Chris Boshart, General Manager at Gold-Eagle Cooperative, will oversee the combined organization.

Customer Appreciation Lunch Schedule:

Press Release:

Gold-Eagle Cooperative to work with Land O'Lakes, Inc., Nextlink and Microsoft on broadband connectivity project.  Click here for details.

Notice:

Beginning March 1, 2023, the Gold-Eagle Coop Holmes location will be open by appointment only.

If you would like to haul grain into this facility, call  515-825-9675 at least 24 hours in advance. Please provide an estimate of bushels to be delivered, number of trucks, and approximate timeframe so we can ensure we are prepared and staffed to meet your needs. We also appreciate notice if you break down or are done for the day.  This location WILL go to full-time operation during harvest.  Thank you for your patience and understanding as we navigate this new schedule.