Agri-AFC, GreenPoint AG and Tennessee Farmers Cooperative have formed a joint venture combining their agronomy operations and will operate under the banner “GreenPoint AG.”
The combination will include all operations of Agri-AFC LLC’s wholesale and retail business, GreenPoint AG’s retail business and Tennessee Farmers Cooperative’s wholesale agronomy business.a
The combined GreenPoint AG is owned by three parent companies: Alabama Farmers Cooperative, Tennessee Farmers Cooperative and WinField United.
It will operate 99 retail and wholesale agronomy locations in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Missouri, Tennessee and Texas, servicing 11 crops across 28 million acres. The combined GreenPoint AG is expected to have more than $1 billion in sales, according to a news release.
“We recognize the rich history of our companies and the pride of ownership that exists amongst our member-owners, and we want to enter this relationship with careful thought and consideration of the impact to our farmer-owners, our customers, our member co-ops and our employees,” says Bart Krisle, CEO of Tennessee Farmers Cooperative.
When asked why the parent companies decided to join these three businesses together, Rivers Myres, CEO of Alabama Farmers Cooperative, said, “Even though we are all individually strong, it takes vision and strategic leadership to both remain competitive and to provide exceptional service to our ultimate customer, the American farmer. And GreenPoint AG will allow for us to do both.”
Jeff Blair has been selected to lead the new entity as chief executive officer. He comes to GreenPoint AG most recently from The Andersons, where he was president of the plant nutrient group. Previous to that role, he held leadership roles at Intrepid Potash, Orica Mining Services and was a captain in the U.S. Army.
GreenPoint AG will be based in Decatur, Alabama, with regional offices in Memphis and LaVergne, Tennessee.