American cooperative Ag Processing Inc. (AGP) recently revealed plans to boost the crush capacity of its Sergeant Bluff, IA soybean processing plant. The cooperative announced on November 19 that it a final construction decision will be based on the outcome of discussions with local and state leaders on economic development, utility rates and services, and regulatory issues.
“We have carefully evaluated this opportunity and are confident that this investment will generate strong returns for our membership and benefit farmer-producers throughout the region,” said AGP’s chief executive officer Chris Schaffer in a release. “Domestic and global demand for soybean meal and soybean oil continues to grow. In addition, we believe the expanded soybean processing plant will generate economic benefits for the Sergeant Bluff area.”
Formed in 1983, AGP primarily focuses on soybean processing and refining and marketing soybean meal, biodiesel, and refined soybean oil. The cooperative current has 10 soybean processing plants across Iowa, Missouri, Minnesota, South Dakota, Nebraska, and Iowa.
“The availability and quality of the soybeans in the Sergeant Bluff area make it an excellent location to expand our crush capacity. AGP continues to invest in areas that enhance our competitiveness,” Mark Sandeen, chief marketing officer for AGP, said in a statement. “Our Sergeant Bluff facility has performed very well over the years, and we have a strong connection to the community. We have a great team in place to support the expanded operations and we are excited to move forward with this project to return value to our members and their farmer-owners.”