Briefly

Nebraska soybean farmers invest in West Coast export terminal expansion

By: - September 21, 2022 10:45 am
soybean export

The expansion of this export terminal on the West Coast will double its capacity to ship out soybean meal. (Courtesy of the Soy Transportation Coalition)

LINCOLN — Nebraska soybean farmers are wagering that increased profits will come via an expansion of an export terminal at the Port of Grays Harbor in Aberdeen, Washington.

The Nebraska Soybean Board, similar soybean associations in Iowa, Kansas, North Dakota and South Dakota and the Soy Transportation Coalition have committed $900,000 to help offset some of the design and engineering costs for the terminal.

The upgrade — expected to be operational in 2025 — will double the capacity to export soybean meal from the facility to 6 million metric tons.

The terminal is operated by AG Processing Inc., an Omaha-based cooperative that owns and operates 10 soybean processing facilities.

The terminal’s expansion is expected to boost profitability of soybeans and tap into the demand for soybean oil for the expanding renewable energy market, according to a news release.

The Nebraska Soybean Board is funded by a checkoff on the sale of soybeans that amounts to one-half of 1% (.005) of the price of each bushel.

Our stories may be republished online or in print under Creative Commons license CC BY-NC-ND 4.0. We ask that you edit only for style or to shorten, provide proper attribution and link to our web site.

Paul Hammel
Paul Hammel

Senior Reporter Paul Hammel has covered the Nebraska Legislature and Nebraska state government for decades. He started his career reporting for the Omaha Sun and later, editing the Papillion Times group in suburban Omaha. He joined the Lincoln Journal-Star as a sports enterprise reporter, and then a roving reporter covering southeast Nebraska. In 1990, he was hired by the Omaha World-Herald as a legislative reporter. Later, for 15 years, he roamed the state covering all kinds of news and feature stories. In the past decade, he served as chief of the Lincoln Bureau and enterprise reporter. Paul has won awards for reporting from Great Plains Journalism, the Associated Press, Nebraska Newspaper Association and Suburban Newspapers of America. A native of Ralston, Nebraska, he is vice president of the John G. Neihardt Foundation, a member of the Nebraska Hop Growers and a volunteer caretaker of Irvingdale Park in Lincoln.

MORE FROM AUTHOR