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Penton Media Buys Farm Progress for $79.9 Million

Farm Progress Sold, Boosting Penton’s Image

By , Farms.com

Farm Progress was sold for $79.9 million to Penton, a private U.S. company which is owned by MidOcean Partners and U.S. Equity Partners II, an investment fund that’s sponsored by Wasserstein & Co., LP.

The acquisition purchase is from Australian company Fairfax Media. The deal was the result of Penton approaching Fairfax Media to purchase Farm Progress, seeing it as an attractive fit for the company’s overall vision and as a strategic asset.

"We've always had tremendous respect and admiration for Farm Progress and its products. We also have a clear, strategic commitment to grow our agricultural information business, and Farm Progress perfectly supports that goal," Penton CEO David Kieselstein said.

Farm Progress will remain at its headquarters in St. Charles, IL. The four Farm Progress events attracts more than 200,000 visitors annually from across the nation and internationally.


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The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.