ALTOONA, Wis. (WEAU) --
The Wisconsin Soybean Marketing Board and the City of Waupun announced last week a joint effort to develop Wisconsin's first soybean crushing facility. The proposed $150 million facility will be located on 66.5 acres on city owned land in the Waupun Industrial Park.
Wisconsin is the nation's 12th largest soybean producer, but it currently lacks an in-state crushing facility to process soybeans into soy oil, soy protein and soy meal used for animal feed. Once the facility is up and running it would employ approximately 40 staff members full time.
Construction is set to being in 2019 with the plant opening in 2020.
The blue and gold jackets will be on the road this morning as Wisconsin FFA members will be heading to Madison for the 89th Annual State FFA Convention that kicks off at the Alliant Energy Center, events will start today and will wrap up on Thursday. The day will start out with the Days of Service that FFA members participate in along with State Officer Reflections this evening. State organizers are expecting over 3,000 members, parents and guests to this year's convention. The theme of the convention is "Live Your Why." There will also be general sessions, contests, entertainment and speakers throughout the four day event. And it will all end on Thursday with the National Chapter Award winner being named and also the naming of the new State FFA President.
Last week, Governor Scott Walker announced that farmers in 52 Wisconsin counties may qualify for emergency loans to help with losses sustained in the mid-April blizzard. The disaster designation by the Farm Service Agency Administrator means that low-interest emergency loans are available to farmers who had severe physical losses from snow and high winds during the April 13-15 storm. Farmers have eight months to apply for the loans and should contact their local FSA office for more information.
Bayer successfully completed the acquisition of Monsanto last week with a buyout of $66 billion. Shares in the U.S. company will no longer be traded on the New York Stock Exchange, with Bayer now the sole owner of Monsanto. Monsanto shareholders are being paid $128 per share.
According to the Wisconsin Ag Connection, the USDA announced last Thursday that California dairy producers have voted to approve a Federal Milk Marketing Order for the state of California. The new California FMMO will be implemented on October 17 with publication of the Announcement of Advanced Prices and Pricing Factors, and affected parties must comply with all provisions beginning November 1. The USDA will work over the next few months to educate handlers who will become regulated by the new FMMO. California represents over 18 percent of all U.S. milk production and is currently regulated by a state milk marketing order administered by California Department of Agriculture. Once this new FMMO is established, over 80% of the U.S. milk supply would fall under the FMMO regulatory framework.