Lenexa, Kan., April 28, 2021 – Farm Journal has reached an agreement in principle to purchase the assets of AgFax, a multi-eNewsletter company that primarily serves producers growing cotton, rice, peanuts and tree crops.
The weekly AgFax eNewsletters include: Southwest Cotton, Midsouth Cotton, Southeast Cotton, Southern Grain, Rice-Midsouth-Texas, Southern Grain and Midwest Grain. The bi-monthly issues include Weed Solutions-Midwest and Weed Solutions-Southern.
“The popular AgFax products will fold nicely into Farm Journal’s digital portfolio and expand our service to growers and input companies active with those crops,” said Andy Weber, Farm Journal CEO. “We are committed and proud to continue to serve these growers with the dedication and helpful information they’ve been accustomed to over the years.”
Owen Taylor and Debra Ferguson, well-known journalists and AgFax owners, died in a car accident a few months ago, leaving the business in the hands of their two children who have other career paths.
“My sister, Sarah, and I are very grateful for Farm Journal’s interest in acquiring AgFax,” said Aaron Taylor. “Our parents would be so proud to have the company they built become part of Farm Journal, an organization they worked with as freelancers decades ago. Farm Journal will certainly be a great home for AgFax.”
CapM Advisors acted as financial advisor to AgFax.
ABOUT FARM JOURNAL
Farm Journal is the nation’s leading business information and media company serving the agricultural market. Started 145 years ago with the preeminent Farm Journal magazine, the company serves the row crop, livestock, produce and retail sectors through branded websites, eNewsletters and phone apps; business magazines; live events including conferences, seminars and tradeshows; nationally broadcasted television and radio programs; a robust mobile-text-marketing business and an array of data-driven, paid information products. Farm Journal also is the majority shareholder of the online equipment marketplace, Machinery Pete LLC. In 2010, the company established the non-profit, public charity, Farm Journal Foundation, dedicated to sustaining agriculture’s ability to meet the vital needs of a growing population through education and empowerment.
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