FOR IMMEDIATE RELEASE
New Vision Co-op Announces Expansion of Magnolia Location, Marking its Single Largest Investment Yet
New Vision Co-op, a leading agricultural cooperative dedicated to serving its members, proudly announces its groundbreaking expansion of the Magnolia location, representing the company’s most significant single investment to date. This expansion is a testament to the company’s commitment to its members, future growth, and the agricultural community at large.
Scheduled to break ground in July of 2024 slated for completion by summer of 2025, the Magnolia expansion is set to revolutionize operational capabilities. Once fully operational, the enhanced facility will have the daily corn demand for the amount of 300 acres and demand over 100,000 tons of soybean meal annually. This substantial increase in production capacity underscores New Vision Co-op’s dedication to meeting the evolving needs of its members and the broader agricultural industry.
Moreover, this ambitious project will create several employment opportunities, further contributing to the local economy and providing career prospects within the community.
The expansion will include the integration of advanced technologies, such as increased corn grinding capacity, expanded batching capabilities, and a fourfold enhancement in load-out capacity. These improvements align with New Vision Co-op’s mission to enhance efficiency, productivity, and service quality for its valued members.
“We are excited for this opportunity to bring value to our member owners and believe this investment will bring additional demand for corn and soybeans and show commitment to our livestock customers and our commitment to our lifelong partnership”, Matt Ashton, CEO at New Vision Co-op
The leadership at New Vision Co-op extends heartfelt appreciation to the Board for their unwavering support and guidance with this project. This expansion signifies a forward-looking strategy aimed at providing exceptional service and value to members by proactively addressing long-term industry needs.
About New Vision Coop:
With roots dating back to 1901, New Vision Co-op serves more than 2,000 member-owners in southwest Minnesota, northwest Iowa and eastern South Dakota from 19 locations. Founded by farmers and based on member ownership, our primary focus has always been the success of our farmers. That focus is captured in New Vision’s mission statement:
“New Vision Co-op is a progressive, ethical cooperative providing quality goods and services and innovative technologies, with the vision to remain financially strong, competitive in the marketplace and committed to its members’ success.”