Comark Grain Marketing, LLC and Equity Marketing Alliance LLC to Merge Aug. 1 and Form Comark Equity Alliance LLC
Date Posted: May 19, 2017
As of August 1, 2017, Comark Equity Alliance, LLC (CEA) will form through the consolidation of Comark Grain Marketing, LLC of Cheney, KS, and Equity Marketing Alliance, LLC of Enid, OK, each a cooperatively owned grain marketing company.
The consolidation of these two companies will result in one of the largest federally licensed marketing groups under one license in the United States and is expected to place CEA as a major player in the grain industry.
The board is proud to announce Alan Woodard as Chief Executive Officer for the new company.
Woodard’s experience in banking and agriculture makes him a great fit to lead the inception of CEA.
Currently, Woodard serves as CEO of Farm Credit of Southern Colorado, ACA and he was previously Regional Vice President of CoBank, ACB.
“The combined strength of these companies will be able to offer additional opportunities in the marketplace to our member owners, ultimately enhancing their individual operations,” said Woodard.
CEA will initially be owned by 28 farmer owned cooperatives with 160 locations in Kansas, Oklahoma and Texas.
Also included in the consolidation is Chisholm Trail Terminal, a new train loader in Medford, Oklahoma.
Total licensed capacity will be 138 million bushels with annual grain receipts expected to average 121 million bushels.
More growth opportunities in central United States are expected for CEA.
Administrative offices for CEA will operate in both Enid and Cheney.
Approximately 20 highly skilled professional people with extensive experience in the industry will be employed by the company within both locations. The cooperative owners are excited for the opportunity to position themselves for the future, while providing their producer owners with more marketing opportunities and the most value for their grain.
For more information, call Comark Equity Alliance at 316-542-3435.