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AGCO to seek tax abatement on former Farley’s & Sathers facility in Round Lake

ROUND LAKE — The Round Lake City Council will conduct a tax abatement hearing at its Nov. 26 meeting for AGCO Corp., which is interested in leasing space from Ferrara Pan, owners of the former Farley’s & Sathers facility in Round Lake.

AGCO is requesting tax abatement for three years from the city, school district and Nobles County as it plans to make up to $250,000 in improvements to the warehouse facility. AGCO is working with Ferrara Pan on a lease agreement for the warehouse.

At this time, AGCO plans to hire 20 full-time employees to work at the Round Lake facility — consisting of 15 warehouse employees and five low- to mid-level supervisors, according to Abraham Algadi, manager of the Worthington Regional Economic Development Corp.

Current taxes on the facility amount to approximately $48,000, with the city of Round Lake’s share at more than $18,000, the Round Lake-Brewster School District’s share of approximately $5,600, and Nobles County’s share of roughly $9,500.

For more on this story, see Tuesday’s edition of the Daily Globe or follow online at dglobe.com.

Julie Buntjer

Julie Buntjer joined the Globe newsroom in December 2003, after working more than nine years for weekly newspapers. A native of Worthington, she has a bachelor's degree in agriculture journalism. Find more of her stories of farm life, family and various other tidbits at farmbleat.areavoices.com.

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