Keystone, CFE set member merger vote for December 15

Key facts

• Keystone Cooperative and Caledonia Farmers Elevator (CFE) have agreed to merge.
• A member vote on the merger is scheduled for December 15, 2026.
• The merger aims to create greater opportunities for farmer-members and invest in strategic assets.

Farmer-owned cooperatives Keystone Cooperative and Caledonia Farmers Elevator (CFE) have agreed to merge, pending a member vote on December 15, 2026. The decision follows a three-month due diligence process that assessed the potential benefits of combining operations. Leaders believe the merger will enhance services for farmer-members, allow for strategic investments, and strengthen agriculture across Michigan. Keystone Cooperative is headquartered in Indianapolis, Indiana, and operates 245 facilities across Indiana, Ohio, and Michigan, employing over 1,800 people. CFE has five locations in west and central Michigan. Farmer-members will vote throughout November and at a special meeting.