The company sources, merchandises and processes agricultural commodities.
“Establishing a presence in Brazil enables us to engage in bi-hemispheric trading and merchandising,” said Dick Willey, president of Perdue AgriBusiness. “Brazil has become the world’s number two soybean producer and number three corn producer. We’ll now be able to export to our international customers year-round. We’ll have access to South American soybeans and grain when our ability to purchase domestic grain is limited. We’ve wanted to establish a direct presence in Brazil for a long time and believe that now is a good time.”
Perdue AgriBusiness, part of Perdue Farms, is an international agricultural products and services company. Perdue AgriBusiness is a grain company and exports through its deepwater port in Chesapeake, Virginia, U.S., and other U.S. ports. Approximately one-third of its sales are to export customers. The company sources, merchandises and processes agricultural commodities. According to the 2016 Grain & Milling Annual, Perdue AgriBusiness Grain & Oilseed, LLC currently has 46 grain storage facilities and a grain storage capacity of 58.207 million bushels.
“For more than a half century, we’ve benefited from the interrelationship between our grain and poultry businesses, and the increased presence of Perdue AgriBusiness in Brazil will support strategic growth across our company,” said Randy Day, chief operating officer, Perdue Farms.
Perdue AgriBusiness recently announced it is in a closing transaction to purchase 10 grain elevators from Southern States. Perdue AgriBusiness will purchase 10 of the 12 elevators that the company has leased from Southern States, Richmond, Virginia, U.S.-based farm supply and service cooperative, since 2002 and will continue to lease two other elevators that are immediately adjacent to Southern States feed mills. The announcement will have no impact on grain receiving at the elevators, which have been operated by Perdue since the lease agreement was signed 14 years ago.