Soybean processor investing $31M in Indiana

Oct 05, 2016

CGB expanding Port of Indiana-Mount Vernon operations

By Diego Flammini
Assistant Editor, North American Content
Farms.com

Consolidated Grain and Barge (CGB) is investing about $31 million to increase its processing capabilities in southwest Indiana.

“CGB is excited to announce the growth of its Mount Vernon location,” said Steve O’Nan, senior vice president of CGB, in a release. “The soybean processing industry is very competitive, and this investment will allow us to remain competitive in the future. We are proud to be a part of Indiana agriculture and, with this expansion, will remain an important part of southwest Indiana’s agriculture community for many years to come.”

The facility was originally built in 1997. At the time, it processed 65,000 bushels of soybeans daily. The expansion will allow the plant to double in size.

The investment will add five jobs, increasing servicing opportunities for soybean producers in Indiana and increasing product supply for agribusinesses.

“Whenever and wherever we can, we seek to add value to our commodity products, and CGB’s expansion represents just that,” said Ted McKinney, director of the Indiana State Department of Agriculture. “With increased processing capabilities, this will strengthen the Indiana soybean industry and afford more opportunities for farmers in southern parts of the state. This is welcomed news for Indiana agriculture.”

Video: Dicamba Returns for Georgia Farmers: What the New EPA Ruling Means for Cotton Growers

After being unavailable in 2024 due to registration issues, dicamba products are returning for Georgia farmers this growing season — but under strict new conditions.

In this report from Tifton, Extension Weed Specialist Stanley Culpepper explains the updated EPA ruling, including new application limits, mandatory training requirements, and the need for a restricted use pesticide license. Among the key changes: a cap of two ½-pound applications per year and the required use of an approved volatility reduction agent with every application.

For Georgia cotton producers, the ruling is significant. According to Taylor Sills with the Georgia Cotton Commission, the vast majority of cotton planted in the state carries the dicamba-tolerant trait — meaning farmers had been paying for technology they couldn’t use.

While environmental groups have expressed concerns over spray drift, Georgia growers have reduced off-target pesticide movement by more than 91% over the past decade. Still, this two-year registration period will come with increased scrutiny, making stewardship and compliance more important than ever.