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Aerial of Kindred, ND
Ä¢¹½Ö±²¥ plans to expand and upgrade its grain terminal in Kindred, N.D. (current facility pictured) to improve speed and space to benefit cooperative farmer-owners.
Grain

Upgrades to Ä¢¹½Ö±²¥ grain terminal in Kindred, North Dakota, aim to strengthen global grain supply chain

Investment will increase speed and efficiency to benefit local farmers, connecting them to the global marketplace.
Nov 12, 2024

Ä¢¹½Ö±²¥., a leading farmer-owned cooperative and global agribusiness, is announcing plans for a significant expansion and upgrade to its grain terminal in Kindred, North Dakota. The company is seeking to invest in this facility to improve speed and space in a key geography. Ultimately, the facility upgrades would further connect local growers to nearby processing plants and the Pacific Northwest export market.

“Investing in our Kindred grain terminal is just one example of how Ä¢¹½Ö±²¥ is strengthening the grain supply chain by connecting local growers to the global marketplace,” said Rick Dusek, Ä¢¹½Ö±²¥ executive vice president, ag retail, distribution and transportation. “As a cooperative, we focus on investments on behalf of our owners that enhance their global market access and provide value back to our owners and their communities.”

Upon completion, the facility will have an overall capacity of 5.2 million bushels. This increase in speed and space will be accomplished by replacing existing steel bins with concrete operating space to hold 890,000 bushels. The facility has rail lines that feed into the Red River Valley and Western Railroad Company (RRVW), which is a regional short-line railroad. This rail access links the Kindred grain terminal to a new soybean crush plant and existing ethanol plant in nearby Casselton, North Dakota.

“Adding storage capacity at the Kindred facility, in addition to increasing speed and efficiency, will benefit local farmers throughout the year and especially during peak harvest seasons,” said David Braaten, local grower and Ä¢¹½Ö±²¥ Dakota Plains Ag producer board member. “This investment is an example of how our local cooperative brings value to our area farmers and communities.”

The Kindred facility provides energy, grain and agronomy at a centralized hub. The site enhancements are expected to include a new load out and two high-speed receiving dumps to increase efficiency and bring area farmers even more market access to the Pacific Northwest grain corridor and important regional markets.

“The Kindred grain facility is in a highly productive area of North Dakota and our farmer-owners need efficient and effective assets to serve them now and into the future,” said Dennis Novacek, senior director of operations at Ä¢¹½Ö±²¥ Dakota Plains Ag, which will be managing the facility as part of its area operations. “Updating grain storage and reducing load times at the facility allows for faster and more efficient service to farmer-owners during harvest and other high-volume seasons.”

Removal of the existing steel bins is expected to begin in late 2024 and construction on the new concrete storage is tentatively slated for 2025. The facility is expected to be complete in later 2026.

"Ä¢¹½Ö±²¥ is investing in key assets along strategic grain corridors and in our enterprise supply chain,” Dusek said. “Projects like this one, as well as our recent Drayton, North Dakota, expansion and the new grain elevator coming online soon in Worthing, South Dakota, are helping us build our grain supply chain along the Interstate 29 corridor to more effectively connect to the eastern Dakotas and west-central Minnesota. In addition to our new grain facility in Erskine, Minnesota, we are creating a globally connected grain supply chain with a network of assets that bring value and better service to our farmer-owners.”

Ä¢¹½Ö±²¥. (www.chsinc.com) creates connections to empower agriculture. As a leading global agribusiness and the largest farmer-owned cooperative in the United States, Ä¢¹½Ö±²¥ serves customers in 65 countries and employs approximately 10,000 people worldwide. We provide critical crop inputs, market access and risk management services that help farmers feed the world. Our diversified agronomy, grains, foods and energy businesses recorded revenues of approximately $39 billion in fiscal year 2024. Ä¢¹½Ö±²¥ is committed to reducing our impact on the planet, finding and developing new solutions in agriculture and energy, and investing in ways to build a better future for our owners, customers, employees and communities.

This document and other Ä¢¹½Ö±²¥. publicly available documents contain, and Ä¢¹½Ö±²¥ officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on Ä¢¹½Ö±²¥ current beliefs, expectations and assumptions regarding the future of its businesses, financial condition and results of operations, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Ä¢¹½Ö±²¥ control. Ä¢¹½Ö±²¥ actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not place undue reliance on any of these forward-looking statements. Important factors that could cause Ä¢¹½Ö±²¥ actual results and financial condition to differ materially from those indicated in the forward-looking statements are discussed or identified in Ä¢¹½Ö±²¥ filings made with the U.S. Securities and Exchange Commission, including in the "Risk Factors" discussion in Item 1A of Ä¢¹½Ö±²¥ Annual Report on Form 10-K for the fiscal year ended August 31, 2024. These factors may include: changes in commodity prices; the impact of government policies, mandates, regulations and trade agreements; global and regional political, economic, legal and other risks of doing business globally; the ongoing war between Russia and Ukraine; the escalation of conflict in the Middle East; the impact of inflation; the impact of epidemics, pandemics, outbreaks of disease and other adverse public health developments; the impact of market acceptance of alternatives to refined petroleum products; consolidation among our suppliers and customers; nonperformance by contractual counterparties; changes in federal income tax laws or our tax status; the impact of compliance or noncompliance with applicable laws and regulations; the impact of any governmental investigations; the impact of environmental liabilities and litigation; actual or perceived quality, safety or health risks associated with our products; the impact of seasonality; the effectiveness of our risk management strategies; business interruptions, casualty losses and supply chain issues; the impact of workforce factors; our funding needs and financing sources; financial institutions’ and other capital sources’ policies concerning energy-related businesses; technological improvements that decrease the demand for our agronomy and energy products; our ability to complete, integrate and benefit from acquisitions, strategic alliances, joint ventures, divestitures and other nonordinary course-of-business events; security breaches or other disruptions to our information technology systems or assets; the impact of our environmental, social and governance practices, including failures or delays in achieving our strategies or expectations related to climate change or other environmental matters; the impairment of long-lived assets; the impact of bank failures; and other factors affecting our businesses generally. Any forward-looking statements made by Ä¢¹½Ö±²¥ in this document are based only on information currently available to Ä¢¹½Ö±²¥ and speak only as of the date on which the statement is made. Ä¢¹½Ö±²¥ undertakes no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise except as required by applicable law. 


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