Mountaire Farms to Purchase 3 Grain Elevators on MD’s Eastern Shore
Mountaire Farms will soon have three key locations for grain elevators on the Eastern Shore of Maryland. The poultry company has signed a Letter of Intent with Nagel Farm Service to purchase the three grain elevators – in Preston, Cordova and Wye Mills. Nagel will retain its other businesses.
In the coming weeks, Mountaire expects to finalize the purchase – and work with employees on transitioning their employment, benefits and seniority to Mountaire.
Additional information from Mountaire Farms:
“Our intention is to operate these facilities with the same level of exceptional service that local farmers have come to expect from Nagel Farms,” said Rex Holstein, Vice President of Agri-Business for Mountaire Farms. “At Mountaire, we are a family-owned company just like the Nagels, and we share similar values. We appreciate how they’ve managed their business through the years, and we can’t wait to continue that legacy.”
Mountaire currently owns nine grain elevators on Delmarva and three feed mills. Nagel Farm Service will retain their trucking, hardware, and crop insurance businesses.
Statement from the Nagel family:
“The Nagel family and our team of trusted employees will continue to work together serving the farm community with the same level of care we have for nearly 80 years. We are proud of the strong bond we have with our loyal customers and look forward to improving these relationships through unparalleled service. Mountaire as an organization is an excellent fit with Nagel Farm Service as we both operate from two critical principles: 1) prioritizing faith and 2) providing exceptional service to the farmer.”
