CHS Inc., one of the nation’s largest farmer-owned cooperatives, Monday announced it chose Evansville as the site of a new, $700 million soybean processing facility.
The cooperative plans to build a facility that will be able to annually process 80 million bushels of Wisconsin- and other U.S.-grown soybeans and meet a growing demand for soybean oil and meal.
The plant would also expand CHS’s oilseed processing capabilities to serve food, feed and renewable fuel markets.
CHS, which is headquartered in Inver Grove Heights, Minnesota, near St. Paul, said construction should begin in a few weeks and completion is anticipated by fall 2028.
“Investments like this help CHS create additional value for our owners and customers by expanding market access, strengthening our processing network and creating new demand opportunities for U.S.-grown soybeans,” John Griffith, executive vice president of agriculture business, said in a press release.
Wisconsin Soybean Association President Doug Rebout said the local plant is something Wisconsin soybean farmers have been working toward for years — stronger demand for a home-grown crop.
“Additional processing capacity gives growers another reliable market close to the farm and helps create long-term opportunities for Wisconsin soybeans in both meal and oil markets,” Rebout said.
