Farmers' Cooperative Plans Oilseed Plant - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

08/31/04

Farmers' Cooperative Plans Oilseed Plant

A new plant could change agribusiness in the Coastal Empire. For two years, founders of Farmers' Oilseed Cooperative have been trying to organize support to produce a fuel alternative in Evans County. They need about $30 million. The county industrial authority has already promised land for an oilseed pressing facility.

If enough farmers buy stock in the cooperative, they'll press soybeans canola and low-grade peanuts and sell the oil.

"A larger producer would buy more stock than a smaller producer," explained co-op president Ben Deal. "The stock is tied to the right and obligation to deliver to this facility."

The group met last night in the Bulloch County Ag Center to discuss the building of the plant.

Reported by: Dal Cannady, dcannady@wtoc.com

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