Monsanto invests $100M in seed production

Published: Thursday, Nov. 29, 2012 11:45 a.m. CDT

WACO, Neb. (AP) — Monsanto is investing more than $100 million to expand four of its seed processing plants in Nebraska, Iowa and Indiana.

Monsanto officials told the Lincoln Journal Star that the expansion is needed to increase the company’s capacity to product corn and soybean seeds.

The St. Louis-based company announced the expansion on Wednesday.

Monsanto’s Shawn Schrader says most of the money will be spent in Waco, Neb., and Remington, Ind., because those projects will have the biggest effect on production. The Iowa expansion will be in Grinnell and Williamsburg.

Another reason why Monsanto is investing in the Waco, Neb., site is that the area is 100 percent irrigated, so the company would be somewhat protected against drought.

The company hopes to have the expanded plants operational by next year’s harvest.

National video

Reader Poll

etween jobs and economy, which will be more important to you as you vote this year?
Jobs — new job creation will spur economic growth
Economy — businesses that are prospering will hire more people
They're directly related and equally important
I will base my voting on another, more important issue