Nebraska
Nebraska soybean farmers invest in West Coast export terminal expansion | Nebraska Examiner
LINCOLN — Nebraska soybean farmers are wagering that elevated income will come through an growth of an export terminal on the Port of Grays Harbor in Aberdeen, Washington.
The Nebraska Soybean Board, comparable soybean associations in Iowa, Kansas, North Dakota and South Dakota and the Soy Transportation Coalition have dedicated $900,000 to assist offset a number of the design and engineering prices for the terminal.
The improve — anticipated to be operational in 2025 — will double the capability to export soybean meal from the power to six million metric tons.
The terminal is operated by AG Processing Inc., an Omaha-based cooperative that owns and operates 10 soybean processing amenities.
The terminal’s growth is predicted to spice up profitability of soybeans and faucet into the demand for soybean oil for the increasing renewable power market, in line with a information launch.
The Nebraska Soybean Board is funded by a checkoff on the sale of soybeans that quantities to one-half of 1% (.005) of the worth of every bushel.