BLOOMINGTON, ILLINOIS, US — Agricultural cooperative GROWMARK, the majority owner of Allied Seed, LLC, has acquired the remaining ownership held by GreenPoint Ag Holdings, LLC. Terms of the acquisition were not disclosed.
Launched in 2000, Allied Seed, based in Nampa, Idaho, US, offers a full line of forage, turfgrass, and cover crop seed as well as custom production, blending, packaging, and seed treatment services. Allied seed facilities — in Nampa; Albany, Oregon, US; and Worland, Wyoming, US — are in primary production areas for forage grass, legume, and turfgrass seed where the company contracts more than 25,000 acres of seed production.
“Allied Seed is a recognized leader in the production and distribution of high-quality forage, turf, and cover crop seeds and is a key supplier to the GROWMARK System,” said Keith Lawson, vice president of Seed at GROWMARK. “The acquisition of the remaining stake in Allied Seed supports our overall growth and supply strategies and positions us well to meet the increasing demand for cover crops as part of a comprehensive on-farm sustainability strategy.”
Cover crops were planted on an estimated 20 million acres in the United States in 2020, according to the University of Missouri Center for Regenerative Agriculture. This number is expected to increase to about 30 million acres by 2030 as the US Department of Agriculture enrolls more land in conservation programs.
Based in Bloomington, Illinois, US, GROWMARK serves almost 400,000 customers across North America, providing agronomy, energy, facility engineering and construction, and logistics products and services, as well as grain marketing and risk management services.