MFA Cooperative Association of Salem to become Salem MFA Agri Services
Submitted
(Salem) -- Representatives from MFA Cooperative Association of Salem announced this week that it is selling its business to MFA Incorporated. The sale is anticipated to close July 31. MFA Cooperative Association of Salem is a long-time affiliate dealer of MFA Inc. products and has operated under its own board of directors and management since its founding in 1932. Operating as a local cooperative, the company provides area farmers with agricultural supplies including feed, agronomy inputs, gates, fencing, and farm equipment. At a meeting on June 13, the membership of MFA Cooperative Association of Salem voted to approve the sale of the company’s assets to MFA Inc. Current circumstances in agriculture have brought challenges to the industry’s retail organizations. Farm prices, trade issues, regulations, and rising expenses have put pressure on all of agriculture, particularly smaller businesses. “As a board…