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Dec 20, 2021

Greenfield Acquires Four Agspring Grain Elevators

Company is still planning to construct and operate an export grain elevator in the U.S. Gulf

Greenfield Holdings has completed the acquisition of four key assets -- Lake Providence, Parkdale, Crowville and Dunn -- located in Louisiana and Arkansas from subsidiaries of Agspring, LLC.

As part of this acquisition, Greenfield is further developing its plans to build the country’s foremost integrated grain platform. With its operations centered in the Louisiana area, Greenfield will look to create new jobs and maintain current local jobs while significantly improving the ability of farmers across Louisiana and Arkansas to sell their grain in global markets.

Greenfield’s integrated distribution and logistics network will also include the previously announced project to construct and operate the first export grain elevator built in the U.S. Gulf in over 40 years.

Led by the Lake Providence Mississippi River asset located in Louisiana, the acquisitions will enable Greenfield to help U.S. farmers lower their costs by directly connecting international grain buyers with U.S. producers through an efficient and cost-effective infrastructure and logistics chain, simultaneously reducing the pressures to cut down rainforest land for agriculture in places like Brazil.

“We are excited to be bringing a world-class asset base into our company that will provide us with immediate access to the U.S. farmer and provide them with unparalleled access to the international markets,” Adam Johnson, CEO of Greenfield, says.

“We want to build a relationship with the local farmer and we’re putting down real roots in Arkansas and Louisiana. Our company is committed to maintaining a local-first policy and a close relationship with our neighbors. With these acquisitions, we are dedicated to maintaining a strong, local job base and the assets in Louisiana will provide immediate benefits to our export facility and the Louisiana local community.”

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Marketwatch: Feb, 03

US Corn Price Idx: ZCPAUS.CM

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high: 6.89
low: 6.7703
close: 6.7819

US Soybean Price Idx: ZSPAUS.CM

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close: 14.9358

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close: 8.3464

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

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low: 6.8993
close: 7.005