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AGP Grain Marketing sells Texas, New Mexico operations

Acquisition expands Heartland Co-op's operations beyond Iowa and Nebraska.

AGP Grain Marketing LLC, a subsidiary of cooperative Ag Processing Inc. (AGP), recently announced that it has completed the sale of its grain and processed corn business unit in Texas and New Mexico to Heartland Co‐op. Prior to the acquisition, Heartland had more than 5,800 members and operated more than 70 cooperative locations in Iowa and Nebraska.

“The Texas and New Mexico locations have been a part of AGP’s grain operations since 2002. We are pleased to see the facilities remain in the cooperative system and are confident that Heartland will continue to provide high‐quality feed and value‐added service for dairy, livestock and grain customers in the region,” AGP chief executive officer Keith Spackler said.

AGP is the largest cooperative soybean processing company in the world and a leading supplier of soybean meal and refined vegetable oils. It operates 10 soybean processing plants in Iowa, Minnesota, Missouri, Nebraska and South Dakota as well as four soybean oil refineries and three biodiesel production facilities. It also includes more than 145 local and regional cooperatives representing 250,000-plus farmers throughout the U.S. and Canada.

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