Five Star Cooperative

Five Star Cooperative

Farmer-owned cooperative: agronomy, grain, feed, energy

Overview

Five Star Cooperative is a farmer-owned agricultural cooperative serving Northern Iowa and Southern Minnesota with agronomy, grain, feed, and energy products across 19 locations. It supports members with soil testing, seed selection (DEKALB, Asgrow, Stine), crop protection, and precision-agriculture data; the grain division handles marketing, storage up to 30 million bushels, and logistics; the feed division supplies livestock nutrition and the energy division distributes refined fuels and propane. Profits are returned to farmer-owners through patronage cash payouts and equity, and RateStar provides in-house financing for inputs. Its goal is to support member farmers and rural communities with reliable inputs, market access, financing, and integrated services, as demonstrated by the 2024 Burchinal agronomy complex investment following the 2022 Mason City tornado.

About Five Star Cooperative

Simplify's Rating
Why Five Star Cooperative is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Food & Agriculture

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

New Hampton, Iowa

Founded

1889

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Simplify's Take

What believers are saying

  • April 2026 Lime Springs opening expands faster dry-fertilizer throughput and safer member service.
  • TerraClear's April 2026 rollout targets 10,000 acres this year and 100,000 in 2027.
  • Five Star's 2023 results showed $19.2 million net earnings and $2.1 million equity revolved.

What critics are saying

  • The 2024 A&K Feed & Grain acquisition still demands integration across Lime Springs operations.
  • Capital-intensive fertilizer builds expose Five Star to debt pressure if crop input margins weaken.
  • A severe tornado or plant outage could cripple agronomy capacity and patronage payouts.

What makes Five Star Cooperative unique

  • Five Star's 1889 lineage and member ownership create unusually sticky farmer relationships.
  • Nineteen locations across 15 counties bundle agronomy, grain, feed, and fuel under one roof.
  • The 2026 Lime Springs facility and TerraClear partnership modernize service with scale and AI.

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