Five Star Cooperative to Acquire A&K Feed & Grain
September 10, 2024 Five Star Cooperative has announced that it has entered into an agreement in principle to acquire A&K Feed & Grain, a respected agricultural provider located in Lime Springs, IA. The acquisition, set to close this fall, marks a significant step forward in Five Star’s mission to expand its service area and enhance its offerings to the farming community across North Iowa and Southern Minnesota.
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Since 1947, A&K Feed & Grain has built a strong reputation for excellence in fertilizer, crop protection, seed sales, and grain buying. By bringing A&K’s well-established operations and experienced team into the Five Star territory, this acquisition will further solidify Five Star Cooperative’s position as a leading agricultural provider in the region.
“This acquisition allows us to strengthen our presence in a key area of our territory map, filling a crucial gap and enabling us to better serve our membership,” said Scott Black, CEO of Five Star Cooperative. “We are excited to build upon the trusted relationships that A&K Feed & Grain has cultivated and to continue providing the Five Star quality services that North Iowa’s farming community expects.”
Five Star will be welcoming the A&K team currently serving their customers under the Five Star banner along with the existing agronomy facilities and grain assets in Lime Springs about 25 miles north of New Hampton.
“The decision to transition A&K Feed & Grain to Five Star Cooperative was guided by a shared dedication to providing farmers with the highest quality products and services,” said Dale Schwade, current owner of A&K Feed & Grain. “I am confident that this decision will continue to benefit our customers and the community for many years to come, carrying forward the legacy of customer service we’ve built. As I prepare to retire, I want to express my heartfelt gratitude to all of our loyal customers who have supported A&K over the years.”
The acquisition will not only enhance Five Star Cooperative’s agronomy and grain operations but will also provide new opportunities for growth and innovation. Five Star remains committed to investing in its people, processes, and facilities to ensure that its members and customers receive the highest level of service and support.
With this strategic acquisition, Five Star Cooperative continues to build on its legacy of delivering comprehensive agricultural solutions to North Iowa and Southern Minnesota’s farming community. The cooperative is excited about the future and looks forward to further strengthening its position as a trusted partner to Iowa and Minnesota farmers.
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