ABERDEEN, SOUTH DAKOTA, US — Agtegra Cooperative announced on Nov. 7 that it has finalized its minority stake in EGT, LLC, which operates an export grain terminal in the US Pacific Northwest that is fed by four high-capacity elevators in Montana.
“We are very excited to become a partner in EGT to provide Agtegra customers greater access to the global market,” said Jason Klootwyk, chief executive officer, Agtegra. “Agtegra continues to focus on growth that expands our presence along the supply chain and this acquisition provides balance in our grain portfolio as we push farther down the export value chain.”
Aberdeen, South Dakota, US-based Agtegra joins Bunge, a leading global agribusiness and food company, and Pan Ocean America, an affiliate of Harim, an integrated Korean group, as partners in EGT.
EGT’s export grain terminal in Longview, Washington, US, on the Columbia River was the first constructed in the United States in over 25 years and handles wheat, corn, soybeans, soybean meal and distillers dried grains (DDGs) through barge and rail. EGT also operates four high-capacity elevators in Montana. Located in key draw areas for wheat, this network of facilities on BNSF Railway provides efficient service to the terminal.
“We are pleased to add Agtegra as a partner, expanding EGT’s origination capabilities to ensure a reliable flow of products to the export terminal in Longview, Washington,” said Jason Gertken, president, EGT. “We also look forward to working with Agtegra’s farmer members to increase opportunities to reduce our carbon footprint through regenerative ag practices.”
Agtegra Cooperative is a locally owned agricultural cooperative owned by over 6,800 farmers and ranchers, predominantly in North Dakota and South Dakota, with a network of more than 70 locations and 850 employees. According to Sosland Publishing’s2022 Grain and Milling Annual, Agtegra is the 12th-largest grain storage company in North America with 120.17 million bushels of licensed grain storage at 41 facilities.