Farms.com Home   Ag Industry News

AGP Announces Soy Processing Plant Expansion

By Amanda Brodhagen, Farms.com

Ag Processing Inc. (AGP) announced plans to expand its soybean processing plant in Hastings, Nebraska.

The major expansion of the facility is estimated to be running by the fall of 2016. "We are finalizing planning and design specifications for the new soybean processing capacity,” said Keith Spackler, CEO. The facility opened in 1999, which is considered the most Western soybean processing facility in the United States.

Expanding the facility will meet the increased demand of growing soybean acres, in Nebraska and Kansas. AGP closed the corn plant portion at its Hastings operation, but the new soybean processing expansion will use components of the former corn processing infrastructure.

AGP is working with state officials to finalize construction details.
 


Trending Video

Has China Outplayed the Market with Its Latest Crop Buying Moves?

Video: Has China Outplayed the Market with Its Latest Crop Buying Moves?


Bertrand Oesterle, StoneX VP of Clearing and Execution Sales, focusses on China’s mixed approach to buying U.S. soybeans and wheat, and explains why its simultaneous deepening of ties with Brazil could shift global trade dynamics. From fund positioning in Paris wheat to the timing of U.S. harvests, Bertrand describes how geopolitics and market flows collide.