A farm bureau in Colorado Springs, Colorado, is getting a little friendly with the mobile phone industry, too.
The Farm Bureau of America announced Wednesday that it’s buying Wilco’s Farm Store, a grocery store in Colorado with the potential to become a full-fledged franchise.
Wilco said the move could result in savings of up to $400,000 annually for the company.
Farm Bureau President Dan Broun told Ars Technia the deal could also save the farm bureau $1.8 million annually.
WilCo’s Farm store, a full retail store that is similar to Wilco, has a range of items from dried fruit and vegetables to fresh produce, meats, and dairy.
In addition to its own produce section, the store also sells farm products from local farmers and processors.
A spokesperson for Wilco told Ars that the company’s plan is to launch the Farm Store in early 2019.
The company is also in talks with Wilco to partner on a new business model, Wilco President John Tait said.
Tait told Ars he expects Wilco will be ready to launch its own retail store in 2019.
“It’s a big deal, and it’s an opportunity for WilCo,” he said.
“I think that we’re on the verge of that.”
Wilco CEO Jim Pritzker also hinted at the possibility of a new Wilco franchise.
“There is some discussion with WilCo about opening their own franchise, but no firm decision has been made yet,” Pritzkers said in a statement.
“Wilco is committed to providing our customers with quality and affordable products at competitive prices.”