ADM buys grain elevator in Iowa

by Jeff Gelski
Share This:

DECATUR, ILL. — Archer Daniels Midland Co. has acquired Keystone Mercantile, which runs a grain elevator in Keystone, Iowa. Keystone Mercantile has served the greater Benton county agricultural community since 1905, according to Decatur-based ADM.

The Iowa Department of Agriculture and Land Stewardship temporarily suspended the grain dealer license for Keystone Mercantile Co. on June 4 for violations. Some of the company’s checks had bounced, according to a report published on-line by The Gazette of Cedar Rapids, Iowa.

Keystone Mercantile is a feed mill, grain elevator, lumber yard and building material retailer. It has a grain storage capacity of 1.9 million bus.

"ADM is proud to become a member of the Keystone community and looks forward to adding value to area farmers and the greater community," ADM said in a statement.

For questions regarding current or new cash grain contracts, ADM said to contact ADM Grain, Keystone at (319) 442-3228.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Baking Business News do not reflect those of Baking Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.