USA— American global food corporation Cargill increases grain industry dominance with full control of Dakota Plains Ag Center after buying out partner Agrex.
Dakota Plains Ag Center is a joint venture between full-service agricultural commodity trading company Agrex Inc. and Cargill, which started in July 2013.
It is a customer-focused business that strives to be a comprehensive service provider for today’s ever-changing farming community.
Their vision is to create solutions for customer success and provide sound grain business solutions to producers through a variety of channels.
The acquisition was announced by Cargill’s media relations director Bridget Christenson, saying that “At close, Cargill will fully transition Dakota Plains into Cargill’s operations.”
Christenson added that existing contracts will be honored, but Cargill will not keep all the locations, with plans to operate two locations and sell three others.
“All existing Dakota Plains grain contracts remain in force and will be transitioned to Cargill,” she said. “Cargill will operate facilities at Beardsley and Napa with plans to sell the facilities in Parkston, Scotland and Tripp.”
Beardsley and Napa are shuttle loader facilities both served by BNSF in the southeast corner of the state. The locations are expected to resume receiving grain May 18, according to the Dakota Plains Ag Center website.
Thus far, Cargill has acquired 39 companies, including 14 in the last 5 years. The company has spent over US$ 7.03 billion for the acquisitions.
Cargill’s largest acquisition to date was in 2021, when it acquired Sanderson Farms for USD $4.5 billion. Its largest disclosed sale occurred in 2015, when it sold Cargill – US Pork Business to JBS S.A. for US$1.5 billion.
Cargill has acquired in 12 different US states, and 12 countries making it one of America’s largest private companies with revenues of US$114.6 billion.
Cargill has invested in multiple sectors such as Livestock Tech, Genomics, Life Sciences Platforms and Tools, the most targeted sectors being food (43%) and agriculture (16%).
Financial terms of the Agrex stake acquisition have not yet been disclosed to the public.
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