CARGILL TO BUILD NEW SOYBEAN FACILITY IN MISSOURI IN 2023
Agriculture and foods giant, Cargill, has unveiled plans for a soybean processing facility in Pemiscot County, Missouri to support growing domestic and global demand for oilseeds following multiple discussions for a green light. The decision comes as needs from food, feed and fuel markets have increased.
The facility will have an annual production capacity of 62 million bushels of soybeans and Cargill anticipates breaking ground on the project early next year with plans to be operational in 2026. The plant will add approximately 45 full-time jobs when complete.
“Cargill’s facility, with a location on the Mississippi river, will operate year-round and allow farmers to take advantage of increased domestic demand versus relying solely on seasonal exports,” said Tim Coppage, the regional commercial lead for Cargill’s North America agricultural supply chain. “Access to both river and rail will provide more flexibility and market access for farmers.”
Cargill will enhance Missouri’s soybean status
According to Missouri’s lieutenant governor Mike Kehoe, the state currently ranks sixth in the United States for soybean production. “The location of the new facility will expand the $94 billion (€89.7bn) economic impact of our state’s top industry – agriculture; accelerate economic development; and enhance workforce opportunities,” he said.
Advocacy-focused association, Missouri Soybeans, is also keen on the new plant and the direct impact it will have for farmers. Gary Wheeler, CEO and executive director of Missouri Soybeans said: “We have been working collaboratively with several partners for more than two years to achieve this lofty goal and create a needed market for their soybeans. This is a great opportunity for our soybean farmers and local community.”
The new location expands Cargill’s efforts to modernise and increase capacity across its North American oilseeds network. Last year, Cargill announced a series of projects across North America including significant improvements to its soybean crush facility in Sidney, Ohio and construction of a canola processing facility in Regina, Saskatchewan in Canada.
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