With a long, rich heritage dating back to its first grain storage facility on the American frontier in 1865, privately-held U.S. agribusiness leader, Cargill, Inc., has acquired the rights to the land and grain handling assets of the former Altra Nebraska LLC ethanol facility in Carleton (which closed in November, 2007) through a local bidding process completed on Wednesday, October 28, according to an October 29 posting on reuters.com.
“While we will have to make additional enhancements to the facility to make it fully operational, we are determined to leverage this opportunity to offer more flexibility to area crop producers in terms of the delivery, storage, handling and marketing of their grain,” said Robert Racek, regional farm service group leader for Cargill AgHorizons.
Construction on the Altra facility began in 2006, and was approximately half complete when, in November 2007, all work ceased because the owners were unable to secure additional financing.
The facility is located on the outskirts of Carleton in Thayer County and one-half mile from the existing Cargill AgHorizons grain handling facility.
Cargill AgHorizons’s regional Aksarben farm service group also operates grain handling facilities in Albion, Lincoln, O’Neil, and Ord, Neb., along with Council Bluffs, Iowa.
Cargill AgHorizons operates a network of grain elevator and crop input facilities that purchase grain from U.S. farmers and deliver agronomic solutions focused on optimizing production.
Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services, employing 159,000 people in 68 countries. Their 75 different businesses are organized around five major segments:
1. Agriculture Services;
2. Food Ingredients and Applications;
3. Origination and Processing;
4. Risk Management and Financial;
According to the Cargill’s press release on the acquisition, they will take possession of the grain-handling facility next Wednesday, November 4.