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GROWMARK, the current majority owner of Allied Seed, acquired the remaining ownership held by GreenPoint Ag Holdings, LLC, headquartered in Decatur, Alabama. Terms of the acquisition were not made public.
”Allied Seed is a recognized leader in the production and distribution of high-quality forage, turf, and cover crop seeds and is a key supplier to the GROWMARK System,” said GROWMARK Vice President of Seed, Keith Lawson. “The acquisition of the remaining stake in Allied Seed supports our overall growth and supply strategies and positions us well to meet the increasing demand for cover crops as part of a comprehensive on-farm sustainability strategy.”
Cover crops were planted on an estimated 20 million acres in the U.S. in 2020, according to the University of Missouri Center for Regenerative Agriculture. This number is expected to increase to approximately 30 million acres by 2030 under a new U.S. Department of Agriculture conservation program.
Launched in 2000, Allied Seed facilities are located in Nampa, ID, Albany, OR, and Worland, WY. The processing plants are located in primary production areas for forage grass, legume, and turfgrass seed where the company contracts more than 25,000 acres of seed production.