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The Lamont Grain Growers, Inc. was founded January 4, 1930. The organizing board consisted of President J.D. Swannack; Vice President C.W. Shields; Secretary E.A. Melville; Luther Harris, W. H. Dotson, James Kelly and William Cook. On March 31st 1930 First official board of directors were elected. They were President, J.D. Swannack; Vice President James Kelly; Secretary E.A. Melville, C.W. Shields and W.H. Dotson. E.A. Shields was hired as the first manager at $75.00 per month. In January of 1932, Lamont Grain Growers and the Sprague Grain Growers jointly purchased the Revere facilities from the North West Dock Elevator Company for $3,700.00 and in April of that year, the Lamont Grain Growers rented the Lamont Farmers Warehouse in Lamont. On June 15, 1932, Hugh P. Stone was hired as manager. The Lamont Farmers Warehouse in Lamont was purchased in July, 1933, for $11,000.00. In 1935, a new warehouse was built in Lamont for $7,500.00, and in 1938 a new warehouse was built at Revere, jointly with Sprague. A 90,000 bushel crib warehouse was built in Lamont in 1940, at a cost of $12,800.00. In June of 1947, the Lamont Grain Growers purchased the Sprague Grain Growers half interest in Revere for $7239.11.