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

14 Days until The TrumpXi Meeting! Phase 2 Trade deal Bullish AG

Video: 14 Days until The TrumpXi Meeting! Phase 2 Trade deal Bullish AG

The countdown to the Trump/Xi meeting in Beijing is on- it happens in mid-May & Trump says trip to China will be “great”!

New technical breakout in KC wheat and canola futures.

May weather forecast remains cool/wet for U.S. east but dry out west.

S&P 500 surged +14% in April to new record highs!

Funds now worried about a prolonged war with Iran and higher fertilizer/diesel prices for longer impacting global grain production.

UAE leaving OPEC on May 1 while OPEC + looking to increase output again.

U.S. farm bill passes after 5 long years! E15 + top winners and losers in April CFTC and more.