The new agreement aligns Big River directly with export markets through CGB’s longstanding record supplying foreign feed markets with both corn and soybeans.
“The day of a single barge loading facility not tied directly to an export elevator is over,” said Mark Beemer, chief executive officer of Agspring. “This relationship changes the Big River model moving forward resulting in benefits to our producers who will be aligned directly with a large and sophisticated exporter of grain. I am also pleased to welcome Seth (Post) to our team as we’ll benefit from his years of experience in merchandising, trading, and facility management.”
Over the last six months Agspring has debottlenecked the Big River barge loading facility, increasing inbound capacity by 25% and further optimizing barge loading times. Agspring noted the results included greater delivery efficiencies for producers and improved environmental impact. Seth Post, formerly regional facilities manager for CGB, has joined Big River as general manager.
“CGB is excited to further expand its network in the Mississippi Delta, and we look forward to providing marketing and managerial services to Big River Rice and Grain,” said Greg Beck, senior vice-president, Grain Division. “CGB prides itself on providing a high level of customer service, and we will diligently serve this extended customer base through keen attention to detail, paired with expertly developed risk management tools.”
Big River Rice and Grain, headquartered in Pioneer, Louisiana, U.S., is centrally located among facilities in Delhi, Mer Rouge, Monticello, Lake Providence, and Crowville, Louisiana, as well as Parkdale and Eudora, Arkansas. The company provides origination, storage and handling, logistics, marketing and risk management for corn, soybeans, and rice throughout the region.
Consolidated Grain and Barge Co., a wholly owned subsidiary of CGB Enterprises, Inc., is headquartered in Mandeville, Louisiana, U.S., and operates 97 grain facilities across the Midwest. According to Sosland Publishing Company’s 2018 Grain & Milling Annual, CGB’s total amount of licensed grain storage capacity is 205.891 million bushels.
Agspring is a multidimensional U.S.-based company operating a large elevator and barge operation in Louisiana/Arkansas and a sustainable sourcing infrastructure in Idaho providing more than eight different types of milling-quality wheat serving the milling and food processing industries. Agspring has a total licensed grain storage capacity of 44 million bushels, according to the 2018 Grain & Milling Annual.