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CARGILL LEASES CATFISH PONDS IN LEBEAU

 CARGILL LEASES CATFISH PONDS IN LEBEAU
 LEBEAU, La., Sept. 21 /PRNewswire/ -- Cargill's Fishery Products


Department has signed a lease with an option to purchase the form Aquaculture Technologies Ltd. (ATL) catfish pond facilities here from the Minneapolis Employees Retirement Fund (MERF).
 "Leasing these ponds will increase Cargill's understanding of the production aspects of catfish farming," said Ron Dudley, general manager of Cargill's Fishery Products Department. "The information we learn about improving the costs of production can then be passed on to our contract producers, who will continue to be our main source of catfish. We want to lower the costs of production to provide an excellent value to our customers."
 In addition to production costs, Cargill will research flavor aspects of catfish. The ponds also will serve as a buffer stock during periods of peak demand.
 Cargill entered the catfish business in January 1991, when it began operating the former Louisiana Catfish, Inc., processing plant at Wisner, La. Cargill has a lease with an option to purchase the plant from the Louisiana State Market Commission. A major expansion project at Wisner that increases the plant's deheading and filleting capacity is nearly complete.
 MERF serves employees of the city of Minneapolis.
 Cargill is a privately held merchandiser, processor, transporter and warehouser of agricultural and other bulk commodities, based in Minnetonka, Minn. Its major businesses include merchandising of a wide range of agricultural and other bulk commodities; processing wheat, corn and other vegetable products; processing of red meats, poultry and fish; production and sales of agricultural products, including feeds, seeds and fertilizers; the manufacture and sale of industrial commodities, including steel, salt, fertilizers and resin products; transportation; financial trading; and financial and agricultural consultancy services. The company employs more than 63,500 individuals in 55 countries worldwide.
 -0- 9/21/92
 /CONTACT: Mark Klein of Cargill, 612-475-6211/ CO: Cargill Inc. ST: Minnesota, Louisiana IN: SU:


AL -- MN017 -- 1861 09/21/92 16:55 EDT
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Date:Sep 21, 1992
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