Soybean processor investing $31M in Indiana

CGB expanding Port of Indiana-Mount Vernon operations

By Diego Flammini
Assistant Editor, North American Content
Farms.com

Consolidated Grain and Barge (CGB) is investing about $31 million to increase its processing capabilities in southwest Indiana.

“CGB is excited to announce the growth of its Mount Vernon location,” said Steve O’Nan, senior vice president of CGB, in a release. “The soybean processing industry is very competitive, and this investment will allow us to remain competitive in the future. We are proud to be a part of Indiana agriculture and, with this expansion, will remain an important part of southwest Indiana’s agriculture community for many years to come.”

The facility was originally built in 1997. At the time, it processed 65,000 bushels of soybeans daily. The expansion will allow the plant to double in size.

The investment will add five jobs, increasing servicing opportunities for soybean producers in Indiana and increasing product supply for agribusinesses.

“Whenever and wherever we can, we seek to add value to our commodity products, and CGB’s expansion represents just that,” said Ted McKinney, director of the Indiana State Department of Agriculture. “With increased processing capabilities, this will strengthen the Indiana soybean industry and afford more opportunities for farmers in southern parts of the state. This is welcomed news for Indiana agriculture.”