ADM-Benson Quinn to Construct Shuttle Loader Grain Elevator in Central Minnesota
New elevator capable of loading 110-car shuttle trains
ADM-Benson Quinn, a division of Archer Daniels Midland Company (NYSE: ADM), today announced that it will construct a shuttle loader grain elevator near St. Cloud, Minn., in St. Joseph Township. The new facility will include grain drying capabilities and four bins with a total storage capacity of 3.2 million bushels. The elevator will originate corn and soybeans from regional farmers primarily for transportation by 110-car shuttle trains to the Pacific Northwest for export to Asian markets.
“Crop production in central Minnesota has increased significantly over the past five years,” said Scott Nagel, president, ADM-Benson Quinn. “ADM-Benson Quinn is expanding its grain storage and transportation capabilities in this area to meet regional growers’ need for an efficient, conveniently located grain elevator that offers grain drying and a wide range of services and marketing options for their crops.”
With this new facility, ADM will bring expertise in local and global agricultural markets to area farmers. At ADM grain elevators, growers find knowledgeable merchandisers and contract alternatives to help them market their crops in the most effective and profitable way. Online services through e-ADM.com deliver up-to-the-minute market news and analysis to assist farmers in making the best decisions possible. ADM’s knowledge combined with creative products and services help farmers make the most of their business.
The ADM-Benson Quinn shuttle loader elevator will be located off Indigo Road and 86th Avenue, near Minnesota Highway 23. Construction is scheduled to begin August 2011, and is expected to be completed in September 2012.
Headquartered in Minneapolis, ADM-Benson Quinn is a division of ADM. In the United States, ADM operates 191 elevators with an aggregate storage capacity of more than 420 million bushels.
To learn more about the services ADM offers growers, visit www.e-adm.com/farmerview.
Every day, the 29,000 people of Archer Daniels Midland Company (NYSE: ADM) turn crops into renewable products that meet the demands of a growing world. At more than 240 processing plants, we convert corn, oilseeds, wheat and cocoa into products for food, animal feed, chemical and energy uses. We operate the world’s premier crop origination and transportation network, connecting crops and markets in more than 60 countries. Our global headquarters is in Decatur, Illinois, and our net sales for the fiscal year ended June 30, 2010, were $62 billion. For more information about our company and our products, visit www.adm.com.
ADM Media Relations