AGP’s new $300 million soy processing facility was dedicated yesterday in Aberdeen, South Dakota. This is the 10th and largest plant built by the coop, based in Omaha. AGP Chief Executive Officer Keith Spackler says the plant will crush soybeans in about a 100 mile radius from Aberdeen and send the meal and soy products to be exported out of Aberdeen, Washington.
Spackler says the plant will also provide new export opportunities for soy products in the Pacific Rim, to make up for lost market share in China.
South Dakota Governor Kristi Noem says they’re excited about the economic development the plant represents and how it will enhance national and food security.
Claremont, South Dakota soybean farmer Mike McCranie says he has already delivered soybeans to the facility, which will start crushing in a few days. He’s excited about what it will mean for improved soybean prices.
McCranie says they are also optimistic about the livestock development the AGP plant will attract to the area and even the possibility of a biodiesel plant in the future.
