Cargill and Golden Growers Cooperative have an agreement to take over joint ownership of the ProGold corn processing plant at Wahpeton. Cargill, which has leased and operated the plant since 1997, is buying the shares from American Crystal Sugar Company. The transaction is expected to be completed at the end of the month. Golden Growers Cooperative CEO Scott Stofferahn says Cargill negotiated the option in their previous lease to become a 50/50 owner. “Now that Cargill has long-term interest in the plant, we feel comfortable the plant will be there to operate for the long-term.” The Wahpeton corn plant produces corn sweetener, but the corn milling industry is shifting away from sweeteners to other products. In a statement, American Crystal Sugar Company CEO Tom Astrup said the transition allows the sugarbeet co-op to focus their efforts on core business strategies.
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