The Wisconsin Soybean Marketing Board (WSMB), in collaboration with the City of Waupun, is planning to construct a US$150M soyabean crushing facility, the first such plant in the US state.
The Wisconsin Soybean Crushing Plant (WSBCP) LLC would be located in the Waupun Industrial Park and have a daily processing capacity of 100,000 bushels, World Grain said on 8 June.
The plant would purchase 33M bushels/year of soyabean from farmers in Wisconsin, the 12th largest US soyabean producer, said WSMB.
The state currently lacked its own soyabean crushing facility, which meant that its soya crop had to be transported elsewhere to be processed into soya oil, protein and meal and then shipped back to Wisconsin for distribution.
“With soyabean production increasing annually in Wisconsin, an in-state crushing facility will help reduce costs for farmers, keep jobs in Wisconsin, reduce wear and tear on infrastructure and contribute positively to the City of Waupun as well as the state economy,” said WSMB executive director Robert Karls.
According to WSMB, there were 538,000ha of soyabeans planted within a 100-mile radius of Waupun in 2017 with an estimated production of 62.5M bushels.
“Soyabeans are a very important revenue source for 18,000 farmers in Wisconsin. Our state is one of the leading producers of soyabeans and it makes sense to have a processing facility located within our state lines,” said Karls.