MINNEAPOLIS, MINNESOTA, U.S. — Captain Drake LLC has acquired a million-bushel grain terminal, with dedicated rail, just outside of Grand Forks, North Dakota, U.S. The terminal is expected to provide Captain Drake’s clients with a facility to handle demand for non-bioengineered commodities. A spokesperson for Captain Drake’s declined to disclose who the terminal was acquired from.
“We consider this to be another strategic asset for our food and beverage clients seeking suppliers committed to guaranteeing the integrity and purity of non-GMO commodities throughout the supply chain,” said Mark Anderson, president of Captain Drake. “Producers know commodities stored, transported or commingled with GMO product can become contaminated. By providing growers and end-users this key facility, Captain Drake will consolidate and streamline the sourcing of non-GMO grain in the Red River Valley. Non-GMO seed costs less, has similar yields, and the farmer can obtain a premium for their product.”
With approximately 94% of all corn and soybeans grown in the U.S. bioengineered, Anderson said he believes “it is very possible that the next boom in North Dakota, U.S., won’t be oil, but non-GMO, and identity-preserved corn and soybeans.”
Captain Drake LLC is privately held, WBENC certified, and headquartered in Minnetonka, Minnesota, U.S. The company was launched in 2013 to specifically source and handle non-bioengineered food and beverage ingredients from around the world. The company has gained the necessary Non-Project Verified Certification for its citric acid, sodium citrate, potassium citrate, conventional cane and organic cane sugar. The company’s customers are supported with a JIT supply chain through 12 strategically located warehouses.