Supriya Ghosh (Editor)

MFA Incorporated

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Industry
  
Agriculture

Founded
  
1914

Type of business
  
Agricultural Cooperative

Website
  
www.mfa-inc.com

Number of employees
  
1,200

Key people
  
Ernie Verslues , President & CEO

Headquarters
  
Columbia, Missouri, United States

Subsidiaries
  
MFA Enterprises, Inc.

MFA Incorporated is a Midwest-based regional agricultural Cooperative serving more than 45,000 farmer/owners in Missouri and adjacent states.

Founded on March 10, 1914, MFA (which once stood for Missouri Farmers Association) traces its beginnings to a one-room schoolhouse near Brunswick, Mo. In Newcomer School on March 10, 1914, seven farmers met to discuss an article by William Hirth. Hirth owned a magazine called the Missouri Farmer and Breeder. In his magazine, Hirth called for formation of farm clubs. Seven Brunswick-area farmers (Aaron Bachtel, Tom Penick, Will Heisel, George Heisel, Earl Smutz, John Kohl and Will Armstrong) met to discuss Hirth's article and soon placed the first cooperative order for 1,150 pounds of baler twine.

By banding together for economic strength, members of the Newcomers Schoolhouse Farm Club saved $400 in several group transactions. Hirth handled the orders free of charge. Word spread like wildfire.

From that meeting emerged a cooperative that grew to become the largest business enterprise in the state. By the 1920s, MFA represented 400 local cooperatives. William Hirth was MFA's first president, serving until his death in 1940. Fred V. Heinkel served as president from 1940 through 1979 and oversaw a period of tremendous growth in MFA memberships, income, and associated businesses. Heinkel was succeeded by Eric Thompson.

Today, it is based in Columbia, Missouri. The cooperative created independent companies to serve its members: MFA Oil in 1929 and Shelter Insurance in 1946.

References

MFA Incorporated Wikipedia