1968
1969
A Timeline of Growth
1930 | 1940 | 1950 | 1960 | 1976 | 1982 | 1987 | 1991 | 1995 | 1998
| October 1, 1929 | -There were three grain companies in Assumption Illinois: Assumption Elevator Company, Farmers Grain Company and LaCharite Grain Company. | |
| September 28, 1934 | - In an effort to secure the greatest return for the local farmers grain and to foster a competitive market, the Assumption Cooperative Grain Company was formed. An original investment of a $1,000 note secured by fourteen farmers, was used to purchase a set of scales and thirteen scoop shovels. | |
| 1930-1932 | - The Great Depression Top of Page | |
| 1935 | - A lease was obtained on property from the Illinois Central Railway property on which the Coop erected an office and a 10,000 bushel elevator. A March 31 inventory of the new cooperative revealed an inventory of 880 bushels of corn valued at $.73 per bushel and 38 bushels of soybeans valued at $1.10 per bushel. | |
| 1937 | - The business grew much faster than anticipated and it was necessary to build another 16,000 bushels of storage. Top of Page |
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| 1930-1945 | - World War II | |
| 1943 | - The Company builds two concrete storage tanks with a capacity of 42,000 bushels. | |
| 1944 | - The company purchases the Farmers Grain Company and the LaCharite Grain Company. This brings the cooperative's total grain capacity to 197,000 bushels. | |
| 1945 | - World's first Atomic weapon is used in Hiroshima Japan. |
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| 1946 | - The computer is born on the campus of the University of Pennsylvania. | |
| 1949 | - 25,000 bushel concrete storage tanks were constructed making for a total capacity of 297,000 bushels, the largest country grain storage in the state at the time. | |
| 1950-1953 | - Korean War. | |
| 1956 | - The Company installed a dryer and added a 250,000 bushel concrete elevator, along with purchasing the south elevator. | |
| 1957 | - USSR launch's Sputnik 1, mankind's first space vehicle. |
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| 1959 | - An additional 250,000 bushel concrete annex and office were constructed. | |
| 1959-1973 | - Vietnam War. |
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| 1961 | - USSR launches first manned space flight. | |
| 1963 | - A seed cleaner and warehouse are constructed |
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| 1964 | - An additional dryer is added. Top of Page | |
| 1966 | - A concrete annex and flat storage are constructed, adding 500,000 bushels in storage. | |
| 1967 | - A third dryer is added | |
| 1969 - US puts the first man on the moon. | ||
1968 |
- The Farm Supply Store on Rt. 51 is purchased. | |
1969 |
- Dunkel Elevator is purchased. | |
| - Three concrete tanks, with 375,000 bushels in capacity, are added to the Assumption facility. | ||
1973-Present History
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Assumption Cooperative Grain Company Phone (217) 226-3213 Toll-Free 800-252-6542 Email - info@acoop.com |
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