Soybean producers provide $900,000 to increase exports through Washington port

Soybean Farmers Provide 900k
AGP plans to construct additional storage at its Port of Grays Harbor facility and develop a new ship loader. These investments will ultimately allow the AGP terminal to increase soybean meal exports from 3 million to 6 million metric tons. (Courtesy Nebraska Soybean Board)

LINCOLN, Neb. (KLKN) — Soybean farmers are making a significant investment with hopes of expanding their market to more international buyers.

Omaha-based AG Processing Inc., a cooperative responsible for 10 soybean processing facilities across the Midwest, intends to upgrade its export terminal at the Port of Grays Harbor in Aberdeen, Washington.

The cooperative plans to build an additional storage facility and a new ship loader. These additions aim to double the facility’s output from 3 million metric tons to 6 million. The port will also expand its rail infrastructure.

As the expansion would benefit soybean producers across the Midwest, soybean organizations from Nebraska, Iowa, Kansas, North Dakota and South Dakota are committing $900,000 to the project.

“What happens over there impacts what happens over here, and what happens over here impacts what happens over there,” Mike Steenhoek, executive director of the Soy Transportation Coalition, said in a press release. “It is well-established how investments in the Pacific Northwest will result in greater farmer profitability in the Midwest. In turn, profitable farmers in the Midwest result in increased investment in the Pacific Northwest.”

The funds will help to offset preliminary costs, such as pre-engineering, design and site development costs.

The port’s additions are expected to be operational by 2025.

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