Railroad News

Riverland Ag Corp., a subsidiary of Ceres Global Ag Corp., has entered into an agreement with Farmer's Co-op Grain and Seed Association (FCGS) to form a grain merchandising joint venture to be based in Thief River Falls, Minnesota.

FCGS will contribute its existing grain elevator and related grain merchandising assets in Thief River Falls to the joint venture, with Riverland contributing cash. The transaction is expected to close in January 2021.