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

2026 USDA Acreage Fireworks Next Week? + RVO’s Old new

Video: 2026 USDA Acreage Fireworks Next Week? + RVO’s Old news


Next week’s USDA reports (acreage/stocks) could be a surprise/market moving. RVO’s (new blending biofuel requirements) were as expected with no big surprises and already baked into futures. E15 summer waiver just simply good optics. Markets are skeptical that the war in Iran ends soon with no diplomatic off ramp. The Trump/Xi meeting in China now May 14 – 15. March 1 USDA hogs and Pigs report was friendly/bullish + CFTC and more.