DANA, IND. — Cargill AgHorizons, a business unit of Cargill and Agrex Inc., a subsidiary of Mitsubishi Corp., will form a joint venture that will own and operate Cargill’s grain elevator in Dana. The joint venture, called AC Grain, L.L.C., will make improvements to the facility with total investment expected to exceed $20 million.
To be completed by harvest in 2013, the project eventually may more than triple the unload capacity and warehouse space for corn, soybeans and wheat originated at Dana. Rail track will increase to a 90-car capacity from a 65-car capacity. Rail load capacity will increase to about 50,000 bus per hour from 20,000 bus per hour. Grain drying capacity will quadruple.
“For our farmer customers, these upgrades will reduce unloading times, provide more storage space and expand the market places for delivery of grain,” said Doug Childers, regional Farm Services Group leader for Cargill. “For our customers who process corn and soybeans, we will strengthen our ability to take care of their needs.”