Superior Ag to acquire former Cargill elevator

by Eric Schroeder
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PRINCETON, INDIANA, U.S. — Superior Ag Cooperative, which operates six grain elevators with combined on-site grain storage of about 4.4 million bushels, has agreed to acquire a former Cargill grain elevator located in Princeton, Indiana, U.S. The facility, which has grain storage capacity of 2.2 million bushels, will increase Superior Ag’s total grain storage capacity to 6.6 million bushels.

Financial terms of the transaction were not disclosed.

“The purchase of this facility will open up much needed storage, while still allowing for the flexibility of delivering grain to the best market,” Superior Ag said.

Cargill closed the facility in December 2017.

As a cooperative, Superior Ag provides a full range of coverage and responsive service to local farmers located in southwestern Indiana, northern Kentucky and the bordering regions of Illinois. Superior Ag has 13 agronomy locations, 6 grain elevators, 2 feed mills, 3 retail fuel stations, 2 hardware stores and a convenience store.

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