GOLDFIELD — The Boards of Directors from Farmers Co-op Association (FCA) and Gold-Eagle Cooperative (GEC) have announced that FCA members have approved the merger proposal with Gold-Eagle Cooperative.

The vote by FCA’s membership met Iowa’s state voting requirement for a successful cooperative merger with over 50% of their Class A members turning in ballots. The membership voted 95% in favor of the merger, well over the required two-thirds majority.

Gold-Eagle will acquire the assets and liabilities of Farmers Coop Association and the merged company will operate under Gold-Eagle Cooperative effective July 1, 2024.

Gold Eagle Cooperative, founded in 1908 by local farmers, has grown over the last 100-plus years to include grain, agronomy, energy, feed, and a partnership with the CORN, LP ethanol plant in north central Iowa. Farmers Co-op Association’s focus on quality products and customer support aligns well with Gold-Eagle’s operations.

With the merger, Gold-Eagle’s Board of Directors will expand to include two voting directors and one associate from FCA’s board for a total of 11 directors and two associates. FCA’s general manager, Randy Broesder, will help ease the transition in the coming weeks until he is set to retire at the end of June. Chris Boshart, general manager at Gold-Eagle Cooperative, will oversee the combined organization.