Cargill has announced its plans to construct a new soybean processing facility in Pemiscot County, Missouri, US.
The plant will be located near Hayti and Caruthersville and will have an annual production capacity of 62 million bushels of soybeans.
The company expects to break ground on the project early next year with plans to make it operational in 2026.
The new facility will appoint around 45 full-time positions once complete.
Cargill Agricultural Supply Chain North America regional commercial lead Tim Coppage said: “Cargill’s new facility, with its location on the Mississippi river, will operate year-round and provide farmers opportunity to take advantage of increased domestic demand versus relying solely on seasonal exports. Access to both river and rail will provide more flexibility and market access for farmers.”
Missouri Lieutenant Governor Mike Kehoe said: “Missouri currently ranks sixth in the United States for soybean production. The location of the new facility will expand the $94 billion economic impact of Missouri agriculture, our state’s top industry, accelerate economic development and enhance workforce opportunities in the Bootheel.”
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The new facility expands Cargill’s efforts to increase capacity across its North American oilseeds network.
In 2021, Cargill announced many projects across North America. These projects included major improvements to its soybean crush facility in Sidney, Ohio and construction of a new canola processing facility in Regina, Sask.
Cargill presently operates across 11 locations in Missouri and employees almost 1,200 people.
Image: The facility will have an annual production capacity of 62 million bushels of soybeans. Credit: Александр Пономарев from Pixabay