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Cargill Announces New Investment in Missouri

  • May 23, 2022

Cargill, a global leader in agtech and food production, recently announced plans to build a new soybean processing facility near Caruthersville, Missouri. When complete, the new facility will be one of Cargill’s largest soy processing facilities in North America and create 45 new high-paying jobs in the region.

“Agriculture is critically important to Missouri, and I’m thrilled to see a leading company like Cargill invest, create jobs, and strengthen this vital sector,” said Governor Mike Parson. “Due to our focus on infrastructure and a skilled workforce, world-class companies are continuing to choose the Show-Me State as a place to grow. We look forward to the positive impact Cargill’s facility will have for farmers and all Missourians in the southeast region.”

Cargill’s facility will have an annual production capacity of 62 million bushels as it collects, processes, and distributes soybean-derived protein, oils, and soymeal products. The company anticipates breaking ground early next year, with operations beginning in 2026.

“Cargill’s new facility, with its location on the Mississippi River, will operate year-round and provide farmers opportunity to take advantage of increased domestic demand versus relying solely on seasonal exports,” said Tim Coppage, Regional Commercial Lead, Cargill Agricultural Supply Chain North America. “We appreciate the strong support and partnership from state and local leaders, the Department of Economic Development and the Missouri Soybean Association to bring this project to the region to connect growers to markets, create local jobs and support the state’s economic growth.”

“This soybean processing facility in southeast Missouri is a major ‘win’ for Missouri farmers, and for farmers in the entire region,” said Missouri Agriculture Director Chris Chinn. “Missouri is a major soybean producer, with soybean sales as the state’s top cash receipt year after year. I appreciate Cargill and the other partners in this project for providing new market opportunities for farmers to increase their bottom line.”

“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, Missouri Soybeans CEO and Executive Director. “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.”

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