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IOWA'S SNITTJER GRAIN JOINS LANDUS CO-OPS OPTIMIZATION MODEL
Source: Landus news release

(L to R) Matt Carstens and J.R. Kennedy, General Manager, Snittjer Grain
Ames, IA - Landus, a farmer-owned cooperative, and Snittjer Grain, a privately-owned grain elevator company, announced today an agreement to collaborate for the mutual benefit of their farmer customers. Snittjer is the second company to join the Landus optimization model. It is focused on improving service and competitiveness of participating companies while maintaining their autonomy, local influence and identity.

"We're building momentum for this new way of collaborating across retail agriculture," said Matt Carstens, President and CEO, Landus. "We believe this is a better alternative to a traditional merger or acquisition and it is great to be working with such a highly-regarded independent company as Snittjer."

As part of the agreement, J.R. Kennedy, General Manager, will maintain his current role while joining the Landus grain merchandising team on a part-time basis.

"We're excited to be working with such a solid company as Landus to build a bigger and better future for our customers and for agriculture in Iowa," said Kennedy. "I'm also personally looking forward to joining the Landus grain merchandising team."

Financial terms of the agreement are not being disclosed.

NuWay-K&H Cooperative was the first company announced to join as a Landus optimization account.

About Optimization Model

This new model is designed for collaboration and optimization on grain, feed, soybean processing, agronomy, data, technology, logistics, and back-office functions. It also provides the opportunity to maximize capital investments, infrastructure capacity, and employee talent.

Agreements are tailored to the strengths of each party and developed on a case-by-case basis.

About Landus

Landus is a farmer-owned agricultural cooperative headquartered in Ames, Iowa. We employ about 600 full-time employees at locations in more than 60 communities to serve our 7,000 farmer-owners. We are Iowa's largest agricultural cooperative providing unmatched scale, expertise, facilities, and logistics. Our products and services span the five pillars of agronomy, grain, feed, animal nutrition, and data.

For more information, visit LandusCooperative.com.

About Snittjer Grain

Snittjer Grain is an independent Grain elevator in Wellsburg, Iowa and has been servicing our customers and community for over 60 years. In the last year Snittjer Grain has moved solely into grain handling and is currently expanding its footprint by building a second location near Conrad, IA deemed Wolf Creek Grain Handling.


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