The Joplin Globe, Joplin, MO

Local News

April 13, 2011

ADM buys soybean plant near Nevada

NEVADA, Mo. — Archer Daniels Midland Co. recently announced plans to acquire the soybean crushing and biodiesel plant in Deerfield, Mo., from Prairie Pride, Inc.

ADM will also form a partnership with Prairie Pride for the biodiesel portion of the business.

“The acquisition of Prairie Pride’s soybean facility and partnership for the biodiesel business were attractive to us because they are aligned with our growth strategy and fit well within our integrated business model,” Matthew Jansen, president, Global Oilseeds, said in a statement. “We look forward to working with the 1,000 farmers of Prairie Pride to transform soybeans into food, feed and fuel products used by consumers and businesses around the world every day. And we look forward to becoming a part of the Vernon County community.”

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