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Minnesota Soybean Processors in agreement with Bunge.

Minnesota Soybean Processors has entered into a service agreement with Bunge North America for its soybean processing facility in Brewster, Minn. Under the agreement, Bunge will provide commercial and administrative support to the processing operations.

"While we have strong relationships with our local farmers, we will look to Bunge to expand our markets, since the company has extensive experience marketing meal and oil both domestically and for export," says Bruce Hill, president of Minnesota Soybean Processors. "We will also be able to tap into Bunge's operational expertise as needed."

"This service agreement with Minnesota Soybean Processors gives Bunge access to additional meal and oil supplies in an area of the country where we don't currently have a presence," said Greg Bechtel, general manager, Bunge Oilseed Processing. "We look forward to working with the co-op in serving its members, current customers and in reaching new markets."

The facility has approximately 70 employees who will retain their positions.

Minnesota Soybean Processors was founded as a farmer-owned cooperative in 1999 with the goal of building and operating its own soybean processing plant. The co-op has grown to nearly 2,400 farmer members from Minnesota, South Dakota and Iowa. In December 2003, Minnesota Soybean Processors opened a crushing plant in Brewster, Minn., that has expanded to include a vegetable oil refinery and a biodiesel plant.
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Title Annotation:NEWSLINE
Publication:Rural Cooperatives
Date:Sep 1, 2007
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