USA – Cargill, a major player in the agricultural industry headquartered in Minneapolis, Minnesota, will be selling eight-grain assets across five states to CHS, a leading agricultural cooperative.
The sale encompasses grain facilities located in Pipestone and Maynard, Minnesota; Morris and Seneca, Illinois; Holdrege, Nebraska; Cheyenne Wells and Byers, Colorado; and Parker, South Dakota.
These facilities, as reported in the 2024 Grain & Milling Annual published by Sosland Publishing Co., boast varying capacities, ranging from 125,000 bushels at Morris to 3.248 million bushels at Cheyenne Wells.
Rick Dusek, CHS’s executive vice president of ag retail, distribution, and transportation, highlighted the cooperative’s commitment to meeting the evolving needs of its farmer-owners.
He emphasized that the acquisition aligns with CHS’s strategic objective of bolstering its enterprise supply chain to efficiently connect its stakeholders with global markets.
The transaction, subject to regulatory approval, is tentatively scheduled to close in early June. Upon completion, CHS’s footprint in the grain storage sector will expand significantly, complementing its existing network of 230-grain storage facilities with a total licensed storage capacity of 403 million bushels.
In comparison, Cargill currently operates 196 grain storage facilities with a total licensed capacity of 348 million bushels, according to the 2024 Grain & Milling Annual.
Cargill bags 3 prestigious Edison Awards
In other news, Cargill is celebrating a triumphant win at the prestigious 2024 Edison Awards, clinching three coveted awards for innovations in Smart Transportation, Health & Beauty Care Solutions, and Social & Cultural Impact – Environmental Solutions.
The company’s commitment to reimagining possibilities and delivering transformative solutions in food and agriculture has earned recognition for its groundbreaking contributions.
In the Smart Transportation category, Cargill’s collaboration with BAR Technologies resulted in WindWings, a revolutionary wind propulsion system for commercial shipping.
This innovative technology has already demonstrated significant fuel savings and CO2 reduction since its launch.
Cargill’s Social & Cultural Impact – Environmental Solutions initiative, the 1000 Farmers Endless Prosperity program, aims to uplift farmers’ welfare and promote regenerative agricultural practices.
With over 6,000 farmers benefiting across 21 provinces in Türkiye, the program underscores Cargill’s dedication to sustainability and community empowerment.
In the Health & Beauty Care Solutions category, Cargill introduced BotaniDesign 105, a plant-based alternative to petroleum jelly.
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