Global food company, Cargill, intends to build a new soybean processing facility in Pemiscot County, Mo., near Hayti and Caruthersville. The company plans to capitalize on growing domestic and global demand for oilseeds driven by food, feed and fuel markets, according to company officials.
“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. "Access to both river and rail will provide more flexibility and market access for farmers.”
The facility will be the first of its kind in the Missouri bootheel along the Mississippi River. It will have the capacity to process 62 million bushels of soybeans.
The plant will be operated year-round and provide producers the opportunity to take advantage of the increased demand domestically, instead of relying on seasonal export of their product.
“Missouri currently ranks sixth in the United States for soybean production," said Missouri Lieutenant Governor Mike Kehoe. "The location of the new facility will expand the $94 billion economic impact of Missouri agriculture, our state’s top industry, accelerate economic development and enhance workforce opportunities in the Bootheel."
The facility will sustain roughly 45 full-time jobs in the area.
“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.”
Cargill is planning on breaking ground for the project early next year with plans to be operational in 2026.