Key Takeaways:
- North Dakota Soybean Processors (NDSP), a joint venture by CGB Enterprises, Inc., and Minnesota Soybean Processors, has completed its soybean crushing plant near Casselton, North Dakota.
- The plant has a 125,000 bushel-per-day capacity and is expected to process 42.5 million bushels of soybeans in its first year.
- A ribbon-cutting ceremony and public events will be held on August 7 to celebrate the plant’s completion.
- The new facility is expected to positively impact the local economy through job creation, support for local businesses, and improved prices for soybean producers.
- The plant will produce soybean oil, soybean meal, and soyhull pellets, creating a strong local market for North Dakota and Minnesota soybean farmers.
Celebrating a Milestone
North Dakota Soybean Processors (NDSP), a joint venture formed by CGB Enterprises, Inc., and Minnesota Soybean Processors, has announced the completion of its state-of-the-art soybean crushing plant near Casselton, North Dakota. The organization will celebrate this achievement with a day of VIP and public events on Wednesday, August 7, 2024. The festivities will include a ribbon-cutting ceremony from 10:30 a.m. to 11:30 a.m., featuring remarks from company leadership and supporting organizations, followed by ground tours of the new facility. Local producers are invited for afternoon tours, and a public open house will take place at 5:00 p.m.
Economic Impact and Community Engagement
Tom Malecha, President of NDSP, expressed pride in the accomplishment, stating, “We are proud to announce that NDSP has successfully begun dumping soybeans and is finalizing construction for a September start-up. Our team has enjoyed engaging and collaborating with the local community to achieve this milestone. NDSP has and will significantly contribute to the overall economic activity and growth in Casselton through job creation, supporting local businesses, and driving sustained growth.”
The new facility is expected to have a positive ripple effect on supporting organizations and industries across North Dakota, including transportation providers and local contract suppliers. By processing soybeans locally, the plant creates a reliable market for North Dakota and Minnesota soybean producers, resulting in better prices for farmers and more consistency for local agriculture.
Enhancing Local Agriculture
The NDSP plant boasts a capacity of 125,000 bushels per day and is projected to process 42.5 million bushels of soybeans in its first year. The plant will produce soybean oil, soybean meal, and soyhull pellets, products essential to various sectors in agriculture and beyond. Jeramie Weller, CEO of Minnesota Soybean Processors, highlighted the benefits for local farmers, stating, “We’re keeping 42 million bushels of North Dakota soybeans in North Dakota, giving our farmers contracting options that meet their unique needs for better stability and return on investment. By processing soybeans locally, we’re about to offer higher contract prices per bushel than export contracts, providing better returns for area farmers, which, in turn, provides a positive economic impact on our whole region. This is an exciting time for Casselton and North Dakota’s soybean industry.”
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