Posted: Thu 2:08 PM, Nov 29, 2012
Reporter: The Associated Press Email
Monsanto To Expand Plant Operations In Nebraska, Iowa
Monsanto is investing more than $100 million to expand four of its seed processing plants in Nebraska, Iowa and Indiana.
Officials of the St. Louis-based company said Wednesday the expansion is needed to increase its capacity to produce corn seeds.
Monsanto's Shawn Schrader says most of the money will be spent in Waco, Nebraska and Remington, Indiana 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 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.
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