US-headed global agri-commodities processor Cargill Inc. has unveiled plans to build a new soybean processing facility located in Pemiscot County, Missouri (MO) near Hayti and Caruthersville to support growing domestic and global demand for oilseeds driven by food, feed, and fuel markets.
A global leader in oilseed processing, Cargill’s new soybean processing facility is to be built near Hayti and Caruthersville, and will be the first of its kind for Southeast Missouri with an annual production capacity of 62 million bushels of soybeans.
Cargill’s new facility, with its location on the Mississippi river, will operate year-round and provide farmers the opportunity to take advantage of increased domestic demand versus relying solely on seasonal exports. Access to both river and rail will provide more flexibility and market access for farmers, said Tim Coppage, Regional Commercial Lead, Cargill Agricultural Supply Chain North America.
Cargill anticipates breaking ground on the soybean processing project early next year with plans to be operational in 2026.
Missouri currently ranks sixth in the United States for soybean production. The location of the new facility will expand the US$94 billion economic impact of Missouri agriculture, our state’s top industry, accelerate economic development and enhance workforce opportunities in the Bootheel, said Missouri Lieutenant Governor Mike Kehoe.
The new facility, the value of which has not been disclosed, will add approximately 45 full-time positions to the region when complete.
Missouri Soybeans is very pleased with the new build of a soybean crush facility in Pemiscot County and the direct impact it will bring to our farmers in Southeast Missouri, said Gary Wheeler, CEO and Executive Director of Missouri Soybeans.
Cargill has had a presence in Missouri since 1936 and currently operates across 11 locations in the state and employs nearly 1 200 people.
The new location expands Cargill’s efforts to modernize and increase capacity across its North American oilseeds network.
In an effort to increase opportunities for our growers, Missouri Soybeans has been working collaboratively with several partners for more than two years to achieve this lofty goal and create a needed market for their soybeans. Born and raised in the Bootheel, I know first-hand this is a great opportunity for our soybean farmers and local community, Gary Wheeler said.
Last year, Cargill announced a series of projects across North America including significant improvements to its soybean processing facility in Sidney, Ohio (OH), and the construction of a new canola processing facility in Regina, Saskatchewan (SK), Canada.
