DuPont business Pioneer Hi-Bred executives have broke ground on a $55 million parent and commercial soybean seed production plant in New Madrid County, MO. Missouri Governor Jay Nixon participated in the event.
"Our new soybean production plant in New Madrid will strengthen our ability to meet the increasing product needs of our growers," says Paul E. Schickler, president — Pioneer Hi-Bred. "This will be a first-class production facility that will benefit our growers."
"Missouri’s economic recovery continues to strengthen; and to maintain that momentum, it is vitally important that high-tech, 21st-century companies such as Pioneer Hi-Bred invest in Missouri and create new jobs for our work force," Nixon says. "Pioneer’s investment in New Madrid County through its new soybean production facility further demonstrates how the strategic use of state tax incentive programs can serve as a powerful tool to help draw quality companies to Missouri, creating solid, high-paying jobs, and moving our economy forward."
The new plant is located on 129 acres of land in New Madrid County. Initial operation is expected to begin fall 2011 after construction is completed. The new plant is expected to employ approximately 50 people once it is fully operational.
As the first Pioneer seed production facility in Missouri, the new plant will primarily serve soybean growers in more southern geographies in the U.S. Pioneer also has a research facility in Miami, MO, as well, selling corn, soybean, sorghum, and wheat seed in the state.