HASTINGS, Nebraska — Ag Processing Inc. plans to spend roughly $100 million to expand its soybean processing plant in Hastings.
AGP said Tuesday this project will build on one of the cooperative's strengths. AGP CEO Keith Spackler says this project will also help the firm remain competitive.
AGP is still negotiating the details of the project with local and state officials, but AGP says it expects the expansion to be done by the fall of 2016.
The Hastings plant expansion would help AGP meet export demand from Asian markets.
AGP is owned by co-ops representing more than 250,000 farmers in 15 states.