Listing ID 38661, 1676 | Nondurable Goods
* included in asking price
This business, established in 1987 has been operating since 1995 as a c-corporation in the state of Iowa, specializing in providing fertilizer, crop protection products, seed, application, crop scouting, and agronomy services to the local farming community. Business is conducted locally with a customer base of 100 active accounts consisting of local farmers operating within a 25 mile radius from the company s headquarters. All of these farmers are in the business of producing corn and soybeans. The company s 2006 revenues were derived from fertilizer sales (54% of sales), herbicide sales (33%), application services (7%), seed sales (5%), and agronomy service (1%). Politicians and environmentalist are touting the benefit of ethanol for the US economy, as a solution to the national s dependency on oil as a fuel source the increasing ethanol production is driving up corn prices to near record highs, causing more farmers to expand their corn production efforts, creating growth opportunities for the company. The company is owned and operated by two principals and a staff of three full-time employees.
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