Large country elevator opened by ADM in Illinois
June 25, 2008
by Josh Sosland
TAYLORVILLE, ILL. — Archer Daniels Midland Co. has opened a large country elevator in Taylorville at a facility that has been converted from a soy crushing plant.
The facility, acquired from Continental Grain Co. in 1984, has 5 million bus of grain storage capacity. It is located in central Illinois, about 30 miles southwest of Decatur.
"Today farmers are doing more than ever before, and ADM is responding by providing more market opportunities for their crops," said Matthew Jansen, president, ADM Grain Group. "We are pleased to invest in the Taylorville community and provide farmers a convenient, local market with large permanent grain storage, so they won’t have to travel far to deliver grain."
The grain elevator previously provided storage for the soy crushing facility, which ADM closed in 2000. The company has remodeled the facility to serve as a country elevator, and ADM said the physical plant is being upgraded.
The company said the elevator will purchase grain for this year’s fall harvest and offers traditional flat-price contracts and premium-based contracts.
ADM already operates more than 30 grain elevators in Illinois, but the Taylorville facility is the largest, eclipsing the 3.9 million bus of capacity at the company’s elevator in Farmer City, northeast of Decatur. ADM is the largest grain storage company in the United States, with capacity exceeding 650 million bus, according to the 2008 Grain & Milling Annual published by Milling & Baking News.