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COLUMBUS, Mo. -- MFA Oil Co. will be celebrating 80 years in the petroleum and convenience business this year, according to the Nevada Daily Mail.
Columbus, Mo.-based MFA is a farmer-owned cooperative with more than 40,000 members that supplies fuels, lubricants and propane to customers in Missouri, Oklahoma, Arkansas and Kansas. The company was established in 1929 by Missouri farmers who wanted to be assured of a reliable supply of quality petroleum products at a fair price. By the end of its first year, MFA operated 25 bulk plants and today operates more than 100 bulk plants throughout its trade territories, according to the newspaper report.
As part of its bulk plant operations, MFA operates more than 160 Petro-Card 24 unattended fueling stations and sells its own brand of premium lubricants. The Petro-Card 24 stations are open to the public 24 hours a day, seven days a week and sell unleaded gasoline, clear diesel and E85 ethanol. Through a subsidiary, MFA Oil also operates Break Time c-stores in Missouri and Arkansas, as well as owning the Jiffy Lube and Big-O Tire franchises in central Missouri. MFA offers bulk delivery of fuels, lubricants and propane to residential, commercial and agricultural customers as well.
As a cooperative, MFA is owned by its farmer members. The company's members vote on delegates to represent the local plants and elect the company's board of directors. In addition, members earn patronage dividends based on purchases from the company through their bulk, propane and Petro-Card 24 accounts, the report said.
Over the years, MFA Oil never abandoned its rural roots. The company is still planted firmly in the country and has flourished there. Having entered its 80th year in 2009, MFA Oil is a financially sound organization that owes its success to the support and involvement of its member-owners, the Daily Mail reported.
This spring, MFA will build a new bulk plant and warehouse at its office location. The company’s plans also call for expanding its Petro-Card 24 operations, adding pumps and increasing its offering to include red-dyed diesel fuel, and hiring new personnel to continue providing great service to its growing customer base, the newspaper stated.