Owensboro company receives $417k grant from USDA
Owensboro company receives $417k grant from USDA By Jake Embrey | April 22, 2021 at 11:04 PM CDT - Updated April 22 at 11:05 PM
OWENSBORO, Ky. (WFIE) - A local company is expanding operations thanks to a grant from the U.S. Department of Agriculture.
Owensboro Grain Company is receiving $417,000 from the Higher Blends Infrastructure Incentive Program (HBIIP) grant.
The company plans to install a new truck load-out station, adding new amenities to that area.
“It helped us to speed up our capital spending plans to do this infrastructure,” John Wright, executive vice president of Owensboro Grain said. “And it helps us put this infrastructure in today, to position us for the products that we’re going to be producing tomorrow.”
Owensboro Grain Helps Christmas Wish to Honor Tim Harley
It was an emotional day when the Owensboro Grain crew stopped by last week to make their annual check presentation. Christmas Wish is so important to Tim Harley, who was diagnosed with Glioblastoma on September 24th, 2019. Here s the emotional interview.
Barb Birgy
I had the chance to talk to Tim s wife Jane over the weekend.
Owensboro Grain has been, well I can’t think of a word. Words can’t describe what they have done for Tim and our family during this most difficult time. And, yes believe me Tim never thought twice about supporting Christmas Wish. He always wants to give back! , Jane shared.
U.S. feedmakers hoard soybeans as supplies dwindle
Soaring global demand for soybeans forced U.S. animal feed makers to hoard supplies this fall due to the fierce competition for their main ingredient, with some even turning to floating storage on river barges to thwart sales to exporters.
The renewed demand pushed soybean prices to a four-year high, a marked change for farmers who are looking at their best season in years as they also received record subsidies from the U.S. government and China resumed buying large volumes of crops after a bitter trade dispute.
The diminishing supply base could provide more fuel to the recent price rally and entice farmers to plant more acres of soybeans in 2021 to satisfy the burgeoning demand. Meanwhile, meat producers may pass on higher feed costs to consumers already facing food inflation worldwide.