PENDLETON, Ore. (AP) -- A longtime eastern Oregon farmers' cooperative with roots back to the Great Depression is looking to partner with a multinational agribusiness collective to spur new growth and investment.
The East Oregonian reports Pendleton Grain Growers has partnered with CHS Inc. of St. Paul, Minn. CHS Inc. is a large farmer-owned cooperative and a global energy, grains and foods company.
Pendleton Grain Growers signed a loan agreement last month with CHS Capital for $10 million. Officials say the added capital would go to upgrading grain elevators, technology and providing affordable agronomic services.
The deal would not affect the co-op name, brand, business model or its local control.
In recent years, farmers' coops have faced low commodity prices, rising costs, and operational issues, among other problems. Forming mergers and other alliances has been one solution.