Superior Ag purchases Princeton grain elevator

The property was previously owned by Cargill, prior to closing Dec. 31, 2017.

“With the purchase of this facility, we are adding much needed capacity to our local grain operations and positioning for future growth throughout our cooperative footprint,” said Nick Michel, grain division manager at Superior Ag. “The permanent closing of this facility could have led to logistical concerns for local farmers, especially in the busy fall season. This facility will open up much needed storage, while still allowing for the flexibility of delivering grain to the best market, which our customers have grown accustomed to. We look forward to the opportunity of providing increased value to our current customers and building new relationships with growers who will find value in the services we provide.”

Superior Ag anticipates hiring three additional employees to aid in the operations of the new facility. No disruption to existing contracts with area farmers is expected.

Superior Ag currently has 4.4 million bushels of on-site grain storage, and this addition will increase Superior Ag’s total on-site grain storage to 6.6 million bushels.