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Farm Supply company history timeline

1912

The founder of TSC was Charles E. Schmidt, who, ironically, grew up a city boy, born in Chicago in 1912.

1935

Farm Stores was founded in 1935 as Land O’ Sun Dairies, Inc.

1938

TSC was founded in 1938 by Charles E. Schmidt as a mail order tractor parts business, and today we've grown into the largest operator of retail farm stores in America.

1947

He began his business career in the radio industry, in 1947 going to work for an Augusta, Georgia, radio station owned by J.B. Fuqua.

1949

Asda history and corporate video "Asda History Asda Stores Limited was founded as Associated Dairies & Farm Stores Limited in 1949 in Leeds.

1950

San Luis Obispo County Farm Supply Company, Inc. (FSC) was established in 1950 as an agricultural supply cooperative to serve the members of the Farm Bureau.

1957

After operating over 70 Farm Stores locations for years, America’s largest and oldest drive-thru convenient store offers franchise and development opportunities for the first time since 1957.

1958

In 1958 he took the business public, and TSC shares began trading on the New York Stock Exchange.

1964

After he stepped away from the company, Schmidt moved to south Florida in 1964, then at the age of 63 started another career as banker, gaining control of a 27-bank chain, Gulfstream Banks, which became his second company to be listed on the New York Stock Exchange.

1968

After a stint in the service during the Korean War, he returned to Fuqua, where he served in a number of executive capacities until 1968 when he left to run his own business, the Daisy Corporation.

1974

When he rejoined Fuqua in 1974 it was a much more diversified company.

1977

In July 1977, Farm Supply purchased Cal Tech Chemical in Paso Robles.

1978

1978: Fuqua Industries acquires the business.

1979

After working 15 years for a New Jersey retail chain, Two Guys Discount Stores, Scarlett came to TSC in 1979, a period of transition in the business.

1982

When management bought the company in 1982 it was generating annual revenues in the $125 million range, drawn from 135 stores.

TSC struggled during this period and only four years later, in 1982, the company became independent once again when five executives of the company orchestrated a leveraged buyout of what was then called TSC Industries.

1989

In 1989, Farm Supply purchased Hanson Hardware on the corner of Main Street and Blosser in Santa Maria.

1992

In February 1992, Hennesy stepped down, replaced as chairman and CEO by Scarlett.

1994

Following its initial public offering, TSC made a push into North Carolina in 1994, and for the year added 13 stores to the chain with plans to add more at a clip of 20 stores per year.

1997

TSC also looked to the Internet starting in 1997, purely as a way to provide information to its customers.

1999

In 1999 it had merged with Central Tractor Farm & Country of Iowa, making it the largest farm store retailer in the United States, but the debt incurred, as well as a clash in corporate cultures, led to severe repercussions.

2001

In November 2001 the company was forced into bankruptcy.

2002

2002: Sales top $1 billion.

2004

In 2004, Farm Supply built a brand new facility at its current location at 224 Tank Farm Road.

2013

On October 10, 2013, the company celebrated its 75th anniversary by ringing the opening bell at the Nasdaq stock exchange in New York.”

2015

He's the kind of shopper around whose precise needs and habits Tractor Supply has built a $6.2 billion (2015 revenues) business . The typical Tractor Supply customer owns land, keeps pets, raises chickens and drives a pickup.

Long-term debt stands at just $167 million as of the end of 2015.

2016

Tractor Supply has 1,500 locations spread across 49 states; the company plans to open around 115 stores in 2016 and about 120 stores per year after that until 2,500 are in operation, mostly in rural or exurban areas.

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Farm Supply may also be known as or be related to Farm Supply, Farm Supply Co., Farm Supply Company and San Luis Obispo County Farm Company, Inc.