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Cargill-Backed Rooster.com Closes

December 11, 2001

BLOOMINGTON, Minn. (AP) _ Rooster.com, a Web site that provided commodity prices, news and other services to farmers, closed Monday citing an inability to raise money to maintain operation.

The company opened its Web service in May 2000 after receiving start-up funds from Cargill, Cenex Harvest States Cooperatives and DuPont. In addition to agriculture news, the site aimed to be an electronic trading place for farm supplies and commodities.

On Monday, the company’s home page carried a notice that said, ``We regret to inform you that effective today, Rooster.com will cease operations. In this tough economic climate, we were unable to secure additional funding.″

The notice also said Rooster.com had over 30,000 registered users.

A Rooster.com marketing executive referred inquiries to a Cargill executive, who referred calls to a company spokesman, who couldn’t be reached late Monday.


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