Non-GMO, Organic Food Company Buys 3.4 Million Bu. Elevator From ADMqtwebhostdemo43235435
Pipeline Foods LLC., U.S.-based supply chain solutions company focused on organic, non-GMO and regenerative food and feed, will acquire a 3.4-million-bushel grain elevator from Archer Daniels Midland (ADM) Company in Atlantic, Iowa.
The company is investing in new equipment and improvements to upgrade the elevator to test, clean, grade, dry, store and ship organic grain. However, ADM will continue its conventional soybean origination at the same site in segregated operations.
“This acquisition is a key component in Pipeline Foods’ mission to increase organic supply chain efficiency and transparency,” said Eric Jackson, chief executive of Pipeline Foods. “In owning and operating another facility dedicated to organic grains and oilseeds, Pipeline Foods will have a direct relationship with farmers in the region, helping to ensure identity preservation of the product and allowing us to take ownership at the farm gate, thereby increasing transparency and traceability for all stakeholders.”
Atlantic, Iowa uniquely positions Pipeline Foods in the heart of the western Corn Belt. So, it can originate organic grain from Iowa and other surrounding states.
The elevator will be open for operation in mid-September and will accept its first organic grain deliveries shortly after. With this acquisition, Pipeline Foods will operate six organic processing facilities in the U.S. and Canada.
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