Welcome to The Equity

Welcome to The Equity

Welcome to The Equity

2022 Grower Anhydrous Ammonia & Paraquat Training

The Equity is offering three free in-person training sessions to our growers to become certified in the safe handling of Anhydrous Ammonia and Paraquat as required by the Illinois Department of Agriculture.

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An account with The Equity provides you access to convenient payment programs, flexible payment options and historical records of your purchases.

Once approved for an account, you may use it to purchase from our self-serve fuel pumps, The Equity Farm & Home Store, bulk propane, feed, agronomy inputs and more.

Contact our Customer Care Team with questions or click here for more information. Once you’re ready, fill out our online application, and we will contact you shortly.

 


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Announcements


CEO Message


In the 2007 book by Nassim Taleb, Black Swan, he defined a black swan event as a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was.   

I would suggest that the following would all qualify under author Taleb’s definition of black swans. 

•    A global pandemic, which caused massive imbalances to supply and demand in just about everything

•    Severe weather, which impacted production further misbalancing supply and demand issues, which resulted in rapid Inflation where too much money was chasing too few products

•    A European war, which has upset humanity, products, and shipping

Some of us more senior citizens have witnessed one or more of these Black Swan events over our lifetime, but never in my nearly 40-year career have I seen them all at the same time. 

It’s hard to watch the news from Ukraine, the human suffering is devastating. The implication upon families is horrendous. 

That said, we must take stock of the global impacts from this horrible event. The total global trade (exports) from Russia, Belarus and Ukraine amount to: 21% of the Potash, 13% of the Corn, 27% of the Wheat, 21% of the Anhydrous Ammonia, 16% of the Urea, 16% of the Natural Gas and 11% of the Crude Oil. All of these have had and will have implications not only upon The Equity but also and more importantly to our farmer customers. 

The percentages above are all relevant to global agriculture production. The disruptive consequences of these commodities, so important to food, fuel and fiber production have been reflected in pricing and will take months if not years to correct. 

The Equity Business Unit leaders are navigating unchartered waters. Tightness of Supply and Workers has been and will be impactful. 

It is in times like these, we need to recommit to our own relevancy. We have had the pleasure of having two Farmer panels over the last few months and they described the most significant factors they look for when working with an ag retailer. Some words were repeated many times: Trustworthy, Communicative, Accuracy, and Knowledge. To give all of you credit, they added, “The Equity sets the benchmark in the industry.”  

We have also heard from our partnered suppliers as to what they consider to be relevant, namely: Talented Team to put their technology on the acre, Infrastructure allowing for Speed and Storage, and Market Share. 

If we can continue to meet the relevancy to both our customers and suppliers, we will come through these challenges even stronger. 


Yours in cooperative service,

Bruce Vernon, President & CEO

Announcements


2021 Chairman & CEO Report


Despite several obstacles placed in our path, The Equity achieved another successful year. COVID was and is indeed still a major disruption to our ongoing business and operations. It has impacts across all of our supply-chain relations, the communities we serve, and our team members. There were other trials as well; the substantial interruptions last winter for manufacturers in Texas, Hurricane Ida, COVID-induced worker shortage at packing plants and ports of entry slowed crop protection products and feed ingredients. Some of these challenges will continue to have impacts upon our business for many months to come.
 
Even with these conditions, your cooperative advanced on a number of fronts. The Altamont location underwent a complete refurbishing to better serve its patrons. Farina location received an automation enhancement to the chemical blending, and a water line was installed to provide the Horace location with an abundance of quality water. We also expanded Planters Precision with the acquisition of two additional dealers, and The Equity Farm & Home Store began a Customer Fulfillment Center expansion.
 
Volumes and Revenues grew in Agronomy, Energy, Feed, Grain and Hardware, however
much of the revenue growth came from inflated pricing.

GO FLEX, our input financing offering, grew to over $90 million dollars in approved loans. This provides our customers with the necessary access to capital to take advantage of early ordering when market prices are favorable.
 
Our biggest task was, is, and will be having a sufficient team of employees to service you, our valued customers and owners. The Board of Directors continued our intent to address equity management with focus on three segments: Past, Present and Future. For the Past, this year we will be retiring $1.4 million in allocated equity from the fiscal year 2009 and 25% of 2010. For the Present, we have declared a Patronage Refund of almost $2.4 million with 50% being in cash, and For the Future, we have approved a fiscal 2022 budget which continues to invest in infrastructure
to serve our member-owners.
 
The Board and Management would like to express our sincere appreciation to you, our shareholders, for the business you continue to allow us to earn. We would also like to thank all of Team Equity for the hard work and dedication that serves our members and has grown The Equity into one of the premier Ag Retailers in the country.
 
Yours in cooperative service,
 
Nick Jansen, Board Chairman & Bruce Vernon, CEO

Announcements


2021 Chairman & CEO Report


Despite several obstacles placed in our path, The Equity achieved another successful year. COVID was and is indeed still a major disruption to our ongoing business and operations. It has impacts across all of our supply-chain relations, the communities we serve, and our team members. There were other trials as well; the substantial interruptions last winter for manufacturers in Texas, Hurricane Ida, COVID-induced worker shortage at packing plants and ports of entry slowed crop protection products and feed ingredients. Some of these challenges will continue to have impacts upon our business for many months to come.
 
Even with these conditions, your cooperative advanced on a number of fronts. The Altamont location underwent a complete refurbishing to better serve its patrons. Farina location received an automation enhancement to the chemical blending, and a water line was installed to provide the Horace location with an abundance of quality water. We also expanded Planters Precision with the acquisition of two additional dealers, and The Equity Farm & Home Store began a Customer Fulfillment Center expansion.
 
Volumes and Revenues grew in Agronomy, Energy, Feed, Grain and Hardware, however
much of the revenue growth came from inflated pricing.

GO FLEX, our input financing offering, grew to over $90 million dollars in approved loans. This provides our customers with the necessary access to capital to take advantage of early ordering when market prices are favorable.
 
Our biggest task was, is, and will be having a sufficient team of employees to service you, our valued customers and owners. The Board of Directors continued our intent to address equity management with focus on three segments: Past, Present and Future. For the Past, this year we will be retiring $1.4 million in allocated equity from the fiscal year 2009 and 25% of 2010. For the Present, we have declared a Patronage Refund of almost $2.4 million with 50% being in cash, and For the Future, we have approved a fiscal 2022 budget which continues to invest in infrastructure
to serve our member-owners.
 
The Board and Management would like to express our sincere appreciation to you, our shareholders, for the business you continue to allow us to earn. We would also like to thank all of Team Equity for the hard work and dedication that serves our members and has grown The Equity into one of the premier Ag Retailers in the country.
 
Yours in cooperative service,
 
Nick Jansen, Board Chairman & Bruce Vernon, CEO

Top News Stories

The Equity Plans to Acquire Beverlin Oil

May 06, 2022 | The Equity
The Equity is pleased to announce the acquisition of Beverlin Oil company of Newton, Illinois. The Beverlin family and it’s employees have built this refined fuels delivery business on a commitment to service since 1976. The business is comprised of about 2,000,000 gallons ...

The Equity announces formation of Equity Services, LLC

May 04, 2022 | The Equity
The Equity is pleased to announce the formation of Equity Services, LLC. This entity is an alliance between The Equity and agriculture-service providers: Brücke Financial, Inc., Sonne Energy, Mid-State Farm Insurance, and Taylor Law Offices.

Greg Taylor Appointed Chairman of the Board for IFCA

Jan 27, 2022 | The Equity
Greg Taylor, Director of Agronomy Operations has recently been appointed the position of Chairman of the Board for the Illinois Fertilizer & Chemical Association.

Technology Driven

Jan 07, 2022 | The Equity
Autonomy in agriculture has been a something on the horizon that most were not sure when they would see used efficiently across multiple acres. The Equity is embracing this new technology by being one of the first ag retailers to demo the OMNiPOWER autonomous spreader from Raven....

Careers with The Equity

The Equity offers a great benefits package for full-time employees including: vacation time, sick time, 401k match, health insurance, vision & dental insurance, life insurance, long term disability, short term disability, and bonus program.