North America's leading farmer-owned cooperative CHS Inc. and Mendota based Northern Partners Cooperative is planning to build a 47,000 ton capacity fertilizer warehouse and a new grain barge loading facility.
Leading grain and Food Company CHS Inc. announced that they will build a 47,000 ton capacity fertilizer warehouse with product blending capabilities that will be operated by Northern Partners Cooperative.
In addition, the two companies will form a joint venture to build and operate a grain barge loading facility that will handle corn, soybeans and wheat for export through the CHS terminal at Myrtle Grove.
Northern Partners Cooperative will use the terminals at Peru primarily to serve farmer-owners of its retail business with nitrogen, phosphorus and potassium fertilizers and to facilitate grain handling. CHS will serve its nearby cooperative wholesale fertilizer and grain customers from these facilities.
"These new assets will give our member-owners direct access and ownership in the supply and distribution chain, bringing them a step closer to world markets," said Eric Anderson, general manager, Northern Partners Cooperative. He added: "These new state-of-the-art facilities will help provide a more stable, dependable source of crop nutrients, as well as a cooperative presence in the grain export market which will add value to our member-owners' farming operations."
Construction will begin early in 2015 and is expected to be completed in the spring of 2016. When the plant is operational, Anderson said approximately eight new employees will be hired.