David Meyer, Titan Machinery’s Chairman and Chief Executive Officer, stated, “Fiscal 2023 was a record year for us, driven by strong execution and our continued commitment to outstanding customer service. We generated sales of $2.2 billion, reflecting solid organic growth and operating leverage that was further supported by a strong year of acquisition activity — adding 22 store locations over the last 14 months. Our Agriculture segment was the standout performer with strong operational execution which benefited from high demand levels that are being supported by a favorable farm economy. “

Fiscal 2023 Fourth Quarter Results

Segment Results
Agriculture Segment – Revenue for the fourth quarter of fiscal 2023 was $440.9 million, compared to $346.3 million in the fourth quarter last year. The revenue increase was positively impacted by organic growth as well as the acquisitions of Jaycox Implement in December 2021, Mark’s Machinery in April 2022, and Heartland Ag Systems in August 2022. Pre-tax income for the fourth quarter of fiscal 2023 was $19.3 million compared to $17.7 million in the fourth quarter of the prior year; both periods reflect benefits associated with manufacturer incentive plans in the amounts of $1.8 million and $5.1 million, respectively.

Consolidated Results
For the fourth quarter of fiscal 2023, revenue increased to $583.0 million, compared to $507.6 million in the fourth quarter last year. Equipment revenue was $471.0 million for the fourth quarter of fiscal 2023, compared to $413.2 million in the fourth quarter last year. Parts revenue was $72.2 million for the fourth quarter of fiscal 2023, compared to $58.5 million in the fourth quarter last year. Revenue generated from service was $28.0 million for the fourth quarter of fiscal 2023, compared to $26.2 million in the fourth quarter last year. Revenue from rental and other was $11.8 million for the fourth quarter of fiscal 2023, compared to $9.8 million in the fourth quarter last year.

Source:

Bestway Ag will continue to operate under their brand name and maintain their strong workforce and customer base. The Bestway brands will join a strong family of brands, including Master Manufacturing, Everflo Pumps, A1 Mist Sprayers, and Comet Pumps.

“This partnership is consistent with our strategy to better serve the agricultural industry with high-quality innovative products and superior service. We believe there is a tremendous opportunity for growth across all brands and this collaboration will better position us to become a leader in the sprayer market,” Valley Industries Director of Sales and Marketing Dan Savage said in a recent statement.

The move will keep 115,000 rail workers on the job while the arbitrators develop a set of contract recommendations for both sides to consider. Biden had to act before July 18 to prevent a possible strike. A new round of negotiations is likely after those recommendations are issued.

If the railroads and their 12 unions can’t agree on a contract within the next 60 days, Congress likely would step in to prevent a strike by voting to impose terms or taking other action.

Any prolonged rail strike could cripple the supply chain that has been slowly recovering from the backlogs and delays that became common during the pandemic because of worker shortages at the ports, trucking companies and railroads as demand for imports surged.

The group that represents Union Pacific, BNSF, CSX, Norfolk Southern, Kansas City Southern and other railroads and the unions have expressed optimism that this new presidential board will be able to help them resolve the dispute that began more than two years ago.

Source:

The agreement took effect June 1 and expires April 30, 2025, unless it is terminated before then.

Highlights

• Fourth quarter net sales of $337.2 million, up 16.8%
– Vegetation Management net sales up 27.4%
– Industrial Equipment net sales up 3.6%
• Record fourth quarter diluted EPS of $1.62, up 107.7%
• Record net sales for the full year of $1.3 billion, up 14.7%
• Record EBITDA for the full year 2021 of $162.1 million, up 16.4%(1)
• Record full year diluted EPS of $6.75; up 38.3% year-over-year
• Record backlog of $800.8 million at year-end 2021, up 126.2% versus prior year
• Completed the acquisition of Timberwolf Ltd. in the United Kingdom

The Vegetation Management Division (former Ag Division) had an excellent fourth quarter to cap off a strong performance in 2021. The Division’s fourth quarter net sales were $204.3 million, up 27.4% compared to $160.4 million for the same period in 2020. The increase in sales was driven by strong retail demand for forestry, tree care, and mowing products and lower dealer inventory levels.

Full year 2021 net sales in this Division were $812.7 million compared to $654.6 million for the full year of 2020, up 24.1%. The full-year increase in sales was primarily attributable to improved sales in the forestry, tree care, land clearing and agricultural mowing segments.

The Division’s income from operations for the fourth quarter 2021 was $18.1 million, up 211.9% compared to $5.8 million for the fourth quarter of 2020. Full year 2021 income from operations was $78.9 million versus $46.7 million for the full year 2020, an increase of 69.2%.

Complementing a very strong performance from its North American operations, this Division’s units in the United Kingdom, France, Brazil and Australia all contributed to the very positive results.

Results for the Quarter
At the beginning of the fourth quarter of 2021, the Company began reporting operating results on the basis of two new segments, namely, the Vegetation Management Division and the Industrial Equipment Division. The financial information and period to period comparisons we have presented in this release for 2021 and 2020 are based on the two new segments. Prior to the fourth quarter of 2021, the Company had been reporting its operating results on the basis of two segments which were the Industrial Division and Agricultural Division.

Fourth quarter 2021 net sales were $337.2 million compared to $288.6 million in the fourth quarter of 2020, an increase of 16.8%. Gross margin improved in the quarter compared to the fourth quarter of 2020 as pricing actions taken by the Company during 2021 began to offset the cost increases incurred in late 2020 and all of 2021. Fourth quarter net income improved 107.8% to $19.2 million, or $1.62 per diluted share, compared to net income of $9.3 million, or $0.78 per diluted share in the fourth quarter of 2020. The Company’s backlog at the end of the quarter was $800.8 million, an increase of $155.7 million, or 24.1%, from the backlog at the end of the third quarter, and up 126.2% from the prior year end.

The Company’s results for the fourth quarter continued to be materially impacted by persistent pandemic-related headwinds including supply chain disruptions, cost inflation, and skilled labor shortages.

In its ruling in National Federation of Independent Business, et al. v. Department of Labor, Occupational Safety and Health Administration, et al., the court granted the applications to stay the OSHA rule mandating that employers with at least 100 employees require covered workers to receive a COVID–19 vaccine or undergo weekly testing.

±ő˛ÔĚýJoseph R. Biden, Jr., President of the United States, et al. v. Missouri, et al., the court ruled the government’s vaccine mandate for workers at federally funded health care facilities that accept Medicare and Medicaid can take effect.

BRENTWOOD, Tenn.–()–Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, today announced that it has entered into an agreement to acquire Orscheln Farm and Home in an all-cash transaction for approximately $297 million, net of acquired estimated future tax benefits of $23 million. Orscheln Farm and Home operates 167 stores located in 11 states: Missouri, Kansas, Nebraska, Iowa, Indiana, Oklahoma, Arkansas, Texas, Kentucky, Illinois and Ohio. The acquisition is conditioned on the receipt of regulatory approval and satisfactory completion of customary closing conditions.

“This is an exciting step for Tractor Supply as we expand our footprint in the Midwest with the high-quality assets of Orscheln Farm and Home. We have always had great respect for Barry Orscheln and the team at Orscheln Farm and Home for the strong connection they have with customers in the communities they serve, along with their industry knowledge and capabilities. With our shared values and passion for the Out Here lifestyle, we are honored to welcome Orscheln Farm and Home to the Tractor Supply family. We look forward to bringing together our highly complementary cultures and teams to realize the long-term value and benefits that we expect this acquisition to deliver,” said Hal Lawton, Tractor Supply’s President and Chief Executive Officer.

Barry Orscheln, Chairman and CEO of Orscheln Farm and Home, commented, “For more than 60 years, my family, our Orscheln Farm and Home employees and I have been committed to serving the needs of rural communities across the Midwest. I am very proud of all that we have accomplished over this time. I am confident that with Tractor Supply our stores will be well-positioned to continue Orscheln’s tradition of taking care of our customers and communities for the next phase of growth.”

Tractor Supply’s preliminary estimates indicate the acquisition will be immediately accretive to earnings per share upon closing. The earnings accretion is anticipated to grow over time as planned synergies are achieved. Tractor Supply intends to fund the acquisition through existing cash on hand.

For Tractor Supply, Goldman Sachs & Co. LLC is acting as financial advisor, and Bass, Berry & Sims PLC is acting as legal advisor. Fifth Third Securities is acting as financial advisor to Orscheln Farm and Home, while Stinson LLP is acting as legal advisor.

About Tractor Supply Company

Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, has been passionate about serving its unique niche, as a one-stop shop for recreational farmers, ranchers and all those who enjoy living the rural lifestyle, for more than 80 years. Tractor Supply offers an extensive mix of products necessary to care for home, land, pets and animals with a focus on product localization, exclusive brands and legendary customer service that addresses the needs of the Out Here lifestyle. With more than 42,000 Team Members, the Company leverages its physical store assets with digital capabilities to offer customers the convenience of purchasing products they need anytime, anywhere and any way they choose at the everyday low prices they deserve. At December 26, 2020, the Company operated 1,923 Tractor Supply stores in 49 states and an e-commerce website at .

Tractor Supply Company (NASDAQ: TSCO) today announced financial results for its fourth quarter and fiscal year ended December 26, 2020.

Net sales increased 27.2% to $10.62 billion in fiscal 2020 from $8.35 billion in fiscal 2019. Comparable store sales increased 23.1% versus a 2.7% increase in fiscal 2019. Gross profit increased 31.0% to $3.76 billion from $2.87 billion, and gross margin increased by 104 basis points to 35.4% from 34.4%.

• Company Achieves Record Sales and Earnings for Fiscal 2020
• Fourth Quarter Net Sales Increased 31.3%; Fourth Quarter Comparable Store Sales Increased 27.3%
• Fiscal Year Net Sales Increased 27.2%; Fiscal Year Comparable Store Sales Increased 23.1%
• Company Recorded Non-Cash Pre-Tax Impairment Charges of $74.1 million, or $0.49 per diluted share after-tax, related to the Petsense Business
• Fourth Quarter Diluted Earnings per Share (“EPS”) of $1.15 and Adjusted Diluted EPS of $1.64¹
• Fiscal Year 2020 Diluted EPS of $6.38 and Adjusted Diluted EPS of $6.87¹
• Company Provides Fiscal 2021 Diluted EPS Outlook of $6.50 to $6.90
• Board of Directors Increases Quarterly Dividend by 30% to $0.52 per share

“We are incredibly proud of all the Tractor Supply team achieved in 2020 including record sales and operating performance for the year. My thanks and appreciation go out to the team for their support of each other, our customers and our longstanding commitment to the rural lifestyle. Our team remained agile in a challenging operating environment as we experienced unprecedented demand and welcomed a record number of new and reengaged customers to Tractor Supply,” said Hal Lawton, Tractor Supply’s President and Chief Executive Officer. “The team has done an exemplary job operating the business at elevated rates in the midst of a global pandemic, all while laying the foundation for our Life Out Here Strategy. Going forward, we believe our resilient business model with a differentiated and loyal customer base, our strategic investments to capture growth opportunities and the strength of our balance sheet position us to capitalize on the momentum in our business in 2021 and beyond.”

Lawton continued, “The 30% increase in our quarterly dividend by the Board of Directors and our recently resumed share repurchase program reflect our strong earnings performance and robust cash flows in 2020 and confidence in our business, as well as our ongoing commitment to total shareholder return.”

Fourth Quarter 2020 Highlights

Net sales increased 31.3% to $2.88 billion in the fourth quarter of 2020 from $2.19 billion in the fourth quarter of 2019. Comparable store sales increased 27.3% versus an increase of 0.1% in the prior year’s fourth quarter. The COVID-19 pandemic continued to have a significant, positive impact on consumer demand in the fourth quarter of 2020 across all of the Company’s major product categories as customers focused on the care of their homes, land and animals. Comparable store sales for the fourth quarter 2020 were driven by comparable average transaction count and ticket growth of 14.3% and 13.0%, respectively. The comparable store sales results also reflect a strong demand for everyday merchandise, including consumable, usable and edible products, and robust growth for seasonal categories. All geographic regions of the Company had robust comparable store sales growth. In addition, the Company’s e-commerce sales experienced triple-digit percentage growth for the third consecutive quarter.

Gross profit increased 34.2% to $995.5 million from $741.8 million in the fourth quarter of 2019, and gross margin rate increased 75 basis points to 34.6% from 33.8% in the prior year’s fourth quarter. The increase in gross margin was primarily attributable to a lower depth and frequency of sales promotions and less clearance activity, partially offset by higher transportation costs as a percent of net sales.

Selling, general and administrative (SG&A) expenses, including depreciation and amortization and asset impairment, increased 47.1% to $811.1 million from $551.4 million in the fourth quarter of 2019. As a percent of net sales, SG&A expenses increased 302 basis points to 28.2% from 25.2% in the prior year’s fourth quarter. The fourth quarter of 2020 results include non-cash impairment charges for the Petsense business of $74.1 million due primarily to a strategic reassessment of the business and a decision to reduce the number of new store openings planned over the long term and, to a lesser extent, the impairment of long-lived assets at underperforming locations. On an adjusted basis excluding the impact of the discrete impairment charges, SG&A expenses increased 33.7% to $737.0 million, or 46 basis points to 25.6% as a percent of net sales for the fourth quarter of 2020. The increase in adjusted SG&A as a percent of net sales was primarily attributable to incremental costs related to the COVID-19 pandemic, increased incentive compensation due to record sales and profit performance in the quarter with the majority allocated to the store teams, and investments in strategic initiatives. Additional costs incurred due to the COVID-19 pandemic include appreciation bonuses to Team Members in the Company’s stores and distribution centers as well as additional labor hours and supply costs dedicated to cleaning and sanitation to enhance the health and safety of Team Members and customers.

The effective income tax rate was 23.0% compared to a rate of 22.3% in the prior year’s fourth quarter.

Net income was $135.9 million, or $1.15 per diluted share, compared to net income of $144.2 million, or $1.21 per diluted share, in the fourth quarter of 2019. On an adjusted basis, net income was $193.2 million, or $1.64 per diluted share, in the fourth quarter of 2020.

The Company opened 19 new Tractor Supply stores and three new Petsense stores and closed four Petsense stores in the fourth quarter of 2020.

Fiscal 2020 Results

Net sales increased 27.2% to $10.62 billion in fiscal 2020 from $8.35 billion in fiscal 2019. Comparable store sales increased 23.1% versus a 2.7% increase in fiscal 2019. Gross profit increased 31.0% to $3.76 billion from $2.87 billion, and gross margin increased by 104 basis points to 35.4% from 34.4%.

SG&A expenses, including depreciation and amortization and asset impairment, increased 29.9% to $2.76 billion, and as a percent of net sales, SG&A expenses increased to 26.0% compared to 25.5% in fiscal 2019. On an adjusted basis excluding the impact of the discrete impairment charges, SG&A expenses increased 26.4% to $2.69 billion, or 25.3% as a percent of net sales in fiscal 2020.

The effective income tax rate was 22.6% compared to a rate of 22.3% in fiscal 2019.

For fiscal 2020, net income was $749.0 million, or $6.38 per diluted share, compared to $562.4 million, or $4.66 per diluted share, in fiscal 2019. On an adjusted basis, net income was $806.2 million, or $6.87 per diluted share, for fiscal 2020.

The Company repurchased approximately 3.4 million shares of its common stock for $343.0 million and paid quarterly cash dividends totaling $174.6 million, returning $517.6 million of capital to shareholders in fiscal 2020.

During fiscal 2020, the Company opened 80 new Tractor Supply stores and nine new Petsense stores and closed one Tractor Supply store and seven Petsense stores.

Fiscal 2021 Outlook

The impact that the COVID-19 pandemic will have on the broader economy and the Company’s fiscal 2021 results remains uncertain. Given the nature of the COVID-19 pandemic on the macro economy and the consumer, the Company is planning for fiscal 2021 based on a range of potential outcomes. The Company is providing the following initial guidance for the results of operations expected for fiscal 2021:

The Company’s diluted EPS guidance assumes an estimated effective income tax rate of 22.5% to 22.8%.

Share repurchases for fiscal 2021 are expected to reduce diluted weighted average shares outstanding by one to two percent. Anticipated capital expenditures include new store growth of approximately 80 new Tractor Supply and 10 new Petsense store openings.

The Company continues to have a strong liquidity position with current cash and cash equivalents of approximately $1.34 billion and no amounts drawn on its $500 million revolving credit facility as of December 26, 2020.

The Purchase Price represents a 26.8% premium to the closing share price of the Shares on October 30, 2020, and a 25.8% premium to the 20-day volume-weighted average price of the Shares for the period ended October 30, 2020. The Arrangement values RME at $135 million on an equity basis and at $188 million on an enterprise basis, including debt (net of cash) and lease obligations, and excluding floor plan payables. Subject to ongoing review and approval by the Board, the Company expects to continue to declare and pay quarterly dividends at the current level of $0.015 per Share until completion of the Arrangement.

In response to a proposal from AcquireCo, the Board formed a special committee of independent directors (the “SpecialCommittee“) to, among other things, review and evaluate the terms of the proposal from AcquireCo, to obtain and supervise the preparation of a formal valuation of the fair market value of the Shares, to obtain and supervise the preparation of a fairness opinion, to make a recommendation to the Board in respect of the proposal and to negotiate the terms and conditions of the Arrangement Agreement and related matters.

The Arrangement was unanimously recommended by the Special Committee to the Board. The members of the Board (with interested and non-independent directors abstaining), after receiving the unanimous recommendation of the Special Committee, have (i) determined that the Arrangement is fair, from a financial point of view, to the holders of Shares (other than the Participating Shareholders) and that the Arrangement is in the best interests of RME; (ii) approved the Arrangement and the Arrangement Agreement; and (iii) resolved to recommend that holders of Shares vote in favour of the Arrangement.

Certain directors and officers of RME, who collectively (including the Participating Shareholders) own or exercise control over approximately 13.6% of the outstanding Shares, have entered into support agreements with AcquireCo pursuant to which they have agreed to vote their Shares in favour of the Arrangement, subject to the provisions thereof.

Transaction Details

The Arrangement is structured as a statutory plan of arrangement under the Business Corporations Act (Alberta). Completion of the Arrangement requires approval of at least 66 2/3% of the votes cast, in person or by proxy, by holders of Shares and “majority of the minority” approval under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). For the purposes of the “majority of the minority” approval requirement, the votes cast by shareholders of AcquireCo, including the Shares held by the Participating Shareholders, who collectively own or exercise control over approximately 13.3% of the outstanding Shares, will be excluded. The Arrangement is also subject to all requisite court, regulatory and material third party approvals. The Arrangement is not subject to a financing condition.

A special meeting of holders of Shares to consider the Arrangement is expected to be held in person or virtually in December 2020. An information circular in connection with the Arrangement will be mailed to holders of Shares in November 2020.

Pursuant to the Arrangement Agreement, RME has a 35-day go-shop period, ending on December 6, 2020 (the “Go-ShopPeriod”), during which it is permitted to actively solicit, evaluate and enter into negotiations with third parties that express an interest in acquiring RME.

In the event a superior proposal is received by RME, AcquireCo has a right to match any such superior proposal. RME has also agreed to pay a termination fee of $2.575 million to AcquireCo if the Arrangement Agreement is terminated in certain circumstances prior to the end of the Go-Shop Period, and a termination fee of $5.15 million if the Arrangement Agreement is terminated in certain circumstances following the Go-Shop Period. AcquireCo has agreed to pay a reverse termination fee equal to certain transaction costs of RME, if the Arrangement Agreement is terminated in certain circumstances prior to the outside date, being February 26, 2021, subject to extension in certain circumstances.

In accordance with MI 61-101, Deloitte LLP was retained by the Special Committee to provide, under the supervision of the Special Committee, an independent formal valuation of the Shares, and has concluded that, based upon and subject to the assumptions, limitations and qualifications that will be set out in its written valuation, as at October 31, 2020, the fair market value of the Shares is in the range of $6.85 and $7.90 per share. Deloitte LLP has also provided an opinion to the Special Committee that, as at November 1, 2020, and subject to the assumptions, limitations and qualifications to be set out in Deloitte LLP’s written fairness opinion, that the consideration to be received under the Arrangement is fair from a financial point of view, to the holders of the Shares, other than the Participating Shareholders.

RBC Capital Markets, the Special Committee’s financial advisor, has also provided an opinion to the Special Committee that, as at November 1, 2020, and subject to the assumptions, limitations and qualifications to be set out in RBC Capital Markets’ written fairness opinion, the consideration to be received under the Arrangement is fair from a financial point of view, to the holders of the Shares, other than the Participating Shareholders.

The formal valuation report and fairness opinion will be made available in the Company’s information circular for the special meeting of shareholders, which will be filed by the Company under its profile at www.sedar.com.

Subject to the satisfaction of all approvals and conditions to the transaction, closing is expected to occur on or about December 21, 2020.

Advisors

RBC Capital Markets was retained by the Special Committee to act as its exclusive financial advisor. Gowling WLG (Canada) LLP was retained as independent legal counsel to the Special Committee and Dentons Canada LLP was retained as legal counsel to the Company.

CIBC Capital Markets was retained by AcquireCo to act as its exclusive financial advisor. Osler, Hoskin & Harcourt LLP was retained as legal advisor to AcquireCo.

About Rocky Mountain Dealerships Inc. (TSX:RME)

RME is Canada’s largest agriculture equipment dealer with branches located throughout Alberta, Saskatchewan, and Manitoba. Through its dealer network, RME sells, rents, and leases new and used agriculture equipment and offers product support and finance to its customers.

Additional information about RME is available at and on SEDAR at 

For investor and media inquiries please contact:

Jerry Schiefelbein, Chief Financial Officer
403-214-5639
jschiefelbein@rockymtn.com

Prior Release

In response to farmer and exhibitor interest, Farm Progress Show will proceed as planned, Sept. 1-3, 2020 with enhanced health and safety.

For more than 65 years, farmers have turned to the Farm Progress Show for the latest information about new products and tools they can use to boost productivity and profit for their operations. And that tradition continues for 2020. What attendees will find when they travel to Boone, Iowa, for the show is an important event modified to serve this essential industry during a challenging time.

“We know that the market is dealing with a lot of issues,” says Matt Jungmann, events manager, Farm Progress. “But agriculture is a critical business for this country and farmers are seeking ways to be better at what they do. And nowhere is that more possible than the Farm Progress Show.”

Important business gathering

State fairs across the Midwest have had to make the tough decision to cancel for 2020, often driven by the financial burden of losing key money-making components like concerts and midway carnivals. These are mass gatherings that serve a much different purpose than an Ag tradeshow. Of interest to many is that while the state fairs are canceled, many states and groups are working to hold on to livestock events – further proof that agriculture is essential.

What separates Farm Progress Show from a state fair is that this is an important business event for an essential industry where targeted business is conducted between exhibitors and farmers. And in light of the current crisis, farmers are seeking more information and tools to boost profitability than ever before.

“The Farm Progress Show is not the place you turn to get the latest deep fried anything,” adds Jungmann. “We’re focused on providing a venue where farmers can see new tools, talk to industry experts and work to enhance the way they farm.”

State and local support

With support from officials in Iowa, show management is confident that hosting the Farm Progress Show in 2020 is filling an important service. “Farmers are challenged to find better ways to do everything from planting to spraying to harvest,” says Don Tourte, senior vice president Farm Progress. “That’s not easily done simply by sitting at home attending a virtual event. There’s a need to see this equipment up close and gain a better understanding of how it will work in their operations.”

Tourte adds that the Farm Progress events staff is working closely with a range of Iowa state agencies to ensure the show is conducted in a way that enhances safety of all those who participate while providing exhibitors the chance to reach key customers.

“Our events team has reviewed every aspect of this event with an eye toward exhibitor and visitor safety,” says Tourte. “Long-time visitors to the show will see immediate changes the moment they arrive, from one-way streets to more space for physical distancing.”

Health and safety commitments

The show staff is working diligently to deliver an impactful and engaging event that prioritizes the health and safety of our visitors and exhibitors. New carefully considered plans for safety precautions and procedures will be introduced for this year’s Farm Progress Show. From easily accessible hand sanitizer stations, to enhanced cleaning procedures for buildings and facilities, changes to the event are working to enhance safety for all participants. The show has a long-time history of safe operation, while offering visitors the most extensive gathering of exhibitors in the country.

Farm Progress parent company, Informa, which annually holds more than 600 in-person and virtual content-driven events, and to continue that effort has worked with a range of industry and event association partners to create AllSecure, a set of enhanced standards and guidelines to provide the highest level of hygiene and safety at all Informa’s events. Farm Progress Show will be organized in accordance with the AllSecure standard, providing visitors and exhibitors with reassurance and confidence they are participating in a safe and controlled environment.

“It’s hard to quantify the amount of work that has gone into creation of these standards,” says Jungmann. “The key for farmers, exhibitors and all who plan to attend is that your safety is critical at our events. That’s really always been true, but AllSecure adds that needed, extra layer during a pandemic. We’re excited to host farmers in Boone this year.”