Landmark Services Cooperative Crush Plant Feasibility Study Summary

Landmark Services Cooperative recently received the site specific feasibility study for a soybean processing plant in Evansville, Wisconsin prepared by Robert Carlson and Norman Spaeth.

The projected economic feasibility of the Evansville plant is expected to be somewhat better than the non-site specific study for a plant in southern Wisconsin prepared for the Wisconsin Soybean Marketing Board. The projected cost of the plant utilizing the grain handling elevator owned by Landmark in Evansville is approximately $80-$85,000,000, including working capital.

Landmark’s Board of Directors is very encouraged by the study results and has formed a project development team headed by Board President John Blaska. The team’s assignment is to move quickly to identify and contact large agriculture based companies with the financial resources and related expertise that can help move the project forward.

Mr. Blaska estimates that approximately $40,000,000 of equity will be needed to get the project underway. “While it may be possible to raise that much money in a public offering, we are going to first discuss the plant opportunity with companies with experience in the business and the financial resources to make it happen sooner than later.” added Blaska. Blaska estimates it will take two to three months to fully discuss the opportunity with the identified companies.

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