Loudonville Farmers Equity Celebrates a Century of Service

Known for its rich history of growing and changing with agriculture, the Loudonville Farmers Equity Company is celebrating its 100th anniversary this year.

The Equity and its 40 charter members began as Loudonville Farmers Exchange on May 28, 1915. The company purchased the South Side Elevator from the Levering Brothers of Fredericktown, Ohio on June 15, and was open for business on July 1 that same year.

In 1925, the Lakeville Equity operation became part of the Loudonville Farmers Exchange. The Exchange began to grind and mix feed under the trade name of “Leeco” and delivered feed to several nearby retailers. In addition, the Exchange hauled grain and supplies for customers and hauled livestock to Cleveland.

The company reincorporated under the name of The Loudonville Farmers Equity Company in 1928 and continued to expand through land purchases from the 1980s to 2015. Company assets have grown from $450,000 in 1978 to $8 million today, with $14 million in sales.

The company currently has more than 80 pieces of rolling stock, including fertilizer spreaders, liquid fertilizer wagons, three John Deere sprayers and five no-till drills. It also has 24 trucks and 13 trailers for deliveries, as well as storage space for 450,000 bushels of grain, 200 tons of bulk concentrate or feed, and over 2,000 tons of bulk fertilizer.

Today the Equity has 17 full-time employees and 10 seasonal and part-time employees, along with 250 shareholders.

To learn more about the Loudonville Farmers Exchange and its operations, visit www.loudonvilleequity.com or the company Facebook page.