When a small progressive Iowa co-op entered into a joint venture with a division of the global powerhouse Cargill, few thought it would last. It has since proven that balancing private business and a cooperative spirit can really pay off.
In 1997, Alceco, a small animal feed cooperative based in Albert City, Iowa, and U.S. Ag Horizons, a division of the global agriculture company Cargill, created a joint venture. Together, the two formed Ag Partners LLC to offer local producers the best mix of resources from both companies. As part of the deal, each company kept its facilities in exchange for annual lease payments from the LLC. Both parent companies invested capital in the new company.Read more