Beck's, known as the largest family-owned retail seed company in the U.S., has broken ground for its latest venture — a state-of-the-art soybean processing facility in New Madrid, Missouri, which is set to create 17 new jobs. According to the Missouri Department of Economic Development, this initiative is intended to bolster the supply chain for soybeans in the Mid-South and stimulate local agricultural growth.
Governor Mike Parson expressed his elation at the investment, stating on the Missouri Department of Economic Development website, "We’re proud to welcome Beck’s to the Show-Me State as it announces this exciting new facility in New Madrid.” The governor, who also has deep ties to the agricultural sector, conveyed his anticipation to see such a significant investment in the state. Hovering over 105.5 acres, this new facility will have the capacity to annually process 3 million units of soybeans, and aims to have its first phase completed by December 2024. Uniquely, this facility promises to infuse the average county wage with higher-paying jobs.
Scott Beck, the President of Beck's, conveyed the company's drive to build long-lasting relationships within the New Madrid farming community. “We are thrilled to expand our presence in the Mid-South and put down roots in the New Madrid community," Beck told the Missouri Department of Economic Development. The company is widely recognized for its dedication to farming success, offering diverse product selections and an emphasis on customer experience.
New Madrid's economic ecosystem stands to be energized by Beck's facility. The Mayor Nick White articulated a vision for the city's economic endurance, remarking on the Missouri Department of Economic Development, "New Madrid is open for business, and together with Beck’s, we are planting the seeds for a prosperous future." With the plant fully operational by fall 2026, Missouri's historical significance in soybean production is set only to increase. The Missouri Works program, which aids companies like Beck's through capital access via withholdings or tax credits, is critically supporting this developmental stride.
Information about Beck's rich history and farmer-centric philosophy, alongside further details about the Missouri Department of Economic Development's role in fostering economic growth, can be found on their respective websites.
