Talk about multi-tasking. The Tennessee Farmers Cooperative (TFC) keeps the cows fat, the bugs away, and the tractors running. Through a system of about 60 local co-ops, TFC supplies agricultural necessities, such as animal-health products, feed, fertilizer, outdoor power equipment, seeds, and tires, to area farmers. Its services include finance, credit, and risk management. It operates about 150 retail outlets, located in more than 80 of Tennessee's 95 counties and five neighboring states. The outlets are open to the public, as well as co-op members. TFC was chartered in 1945.
Through the Fort Loudoun Terminal business, the company helps transport fertilizer-based materials to farmers in East Tennessee via river and rail access.
The cooperative's affiliations include a research agreement with Cooperative Research Farms, which conducts research on animal nutrition and practical feeding problems at three research farms and through various universities; Allied Seed feed and turf grasses; Universal Cooperatives, providing manufacturing, purchasing, and distribution services; and FFR Plant Breeding Research Cooperative, which does extensive genetic research and testing in on-farm evaluations throughout major crop production areas.
TFC also works with CoBank, a cooperative banking institution that offers loans and other financial services. It specializes in services for agricultural cooperatives, rural utilities, and Farm Credit associations.
The company's out-of-state locations in Arkansas, Missouri, and Kentucky are operated by TFC subsidiary ADI Agronomy. Co-op members also operate stores in Alabama, Arkansas, and Mississippi.
TFC's sales accounted for some $710 million in 2011 compared to around $567 million in 2010; while net profits came in at around $710 million in 2011 and some $566 million in 2010.
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