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2008 Annual Meeting - Other Information

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GROWMARK Background

Business Name: GROWMARK, Inc.


Address: 1701 Towanda Ave., Bloomington, Illinois 61701


Phone Number: (309) 557-6000


Main Officers: Dan Kelley - Chairman of the Board and President
Bill Davisson - Chief Executive Officer


Employees: Full-time based in U.S. - approximately 730
Full-time in Canada - approximately 22
Subsidiaries - approximately 6,000


Description: GROWMARK is a regional cooperative with annual sales of $4.4 billion (FY 2007 data) providing agriculture-related products and services and grain marketing in the Midwest and Ontario, Canada. FS brand farm supplies and related services are also marketed to farmers in the northeastern United States and by GROWMARK subsidiaries.


History: In the 1920s, Illinois Farm Bureau members invested money and efforts into forming local cooperatives to ensure a reliable supply of farm inputs and to maintain ownership and control of their own business. In 1927, nine local cooperatives formed Illinois Farm Supply Company, GROWMARK's first predecessor company.

Through a series of mergers in the early 1960s, FS Services, Inc. served local supply cooperatives in Illinois, Iowa, and Wisconsin. In 1980, FS Services and Illinois Grain Corporation consolidated to form GROWMARK. In 1994, GROWMARK purchased the major assets of United Co-operatives of Ontario. UPI Energy LP is jointly owned by GROWMARK, Inc. and Suncor Energy Products, Inc. UPI is a leading marketer of energy products, including biodiesel blends and ethanol-blended gasolines, and related services to rural Ontario.

GROWMARK has developed alliances with agricultural leaders including Syngenta, Monsanto, TruServ Canada, and Central States Enterprises.

GROWMARK, its FS member cooperatives and subsidiaries do business in 21 states and the province of Ontario.


Other Information: GROWMARK, Inc. is a regional cooperative owned by local cooperatives that, in turn, are owned and guided by the nearly 250,000 farmers who do business with them.


Point of Contact: Karen Jones, publications and news specialist
Phone (309) 557-6184


 

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