Beck's breaks ground on new soybean processing facility in New Madrid, cre…

Beck's, the largest family-owned retail seed company in the United States, announced today that it will establish a new soybean processing facility in New Madrid. The state-of-the-art facility will help meet the growing demand for soybeans in the Mid-South region, expanding opportunities for local farmers and strengthening the company's commitment to serving the agricultural community.

"We're proud to welcome Beck's to the Show-Me State as it announces this exciting new facility in New Madrid," said Governor Mike Parson. "As a business owner and third-generation farmer, I'm thrilled to see an agricultural leader like Beck's making such a significant investment in our state. This company's presence in New Madrid will support the area's economy, benefit local farmers, and further strengthen Missouri agriculture as a whole."

The new Beck's facility will be located on 105.5 acres and span more than 60,000 square feet with capacity to process 3 million units of soybeans per year. The facility will also feature additional warehouse space and seed storage, ensuring the company can effectively meet the needs of farmers in the area. Construction will be completed in phases, with the first phase expected to be finished by December 2024. The facility is projected to be fully operational by fall 2026 and will create 17 new jobs in its first year.

"We are thrilled to expand our presence in the Mid-South and put down roots in the New Madrid community," said Scott Beck, President of Beck's. "This new facility represents our ongoing commitment to serving farmers by providing them with high-quality soybean products and elite customer service. We look forward to building strong partnerships in the area and supporting the growth of the agricultural industry for years to come."

Beck's facility marks another significant step in the company's mission to provide innovative solutions and excellent service to farmers across the country. As demand for soybeans continues to rise, Beck's continues to invest in the infrastructure needed to support the future of farming.

"Beck's decision to establish a footprint in New Madrid, bringing with it jobs and investment, creates excitement and new opportunities for Missourians to prosper," said Michelle Hataway, Director of the Department of Economic Development. "Team DED is proud to support Beck's, and we are incredibly grateful that they chose southeast Missouri for their new location."

New jobs added as part of the new Beck's facility will pay an average wage well above the county average.

For the establishment of its new facility, Beck's will benefit from the Missouri Works program, a tool that helps companies expand and retain workers by providing access to capital through withholdings or tax credits for job creation.

What others are saying

"This exciting investment of millions of dollars not only brings new jobs to our community but also highlights our commitment to fostering a vibrant business environment," said New Madrid Mayor Nick White. "New Madrid is open for business, and together with Beck's, we are planting the seeds for a prosperous future."

"Working with Beck's has been and continues to be an absolute pleasure," said Aaron Griffin, New Madrid City Administrator. "They are a family-owned and operated organization that adheres to family values. They promote agriculture in innovative ways. New Madrid prides itself on having family values and agriculture as a part of its backbone. We humbly welcome them to our beautiful community."

"Missouri's deep-rooted history in soybean production, paired with our robust infrastructure and skilled workforce, makes it the perfect location for Beck's to grow and succeed," said Subash Alias, CEO of Missouri Partnership. "This investment highlights our state's leadership in the industry and reinforces Missouri's role as a critical hub for feeding and fueling the world."

About Beck's

Beck's - Farmers At Heart® - revolutionized the customer seed buying experience by remaining true to a foundation built on faith, family, and farming. Founded in 1937, Beck's appreciates the farmers who have helped them become the largest family-owned retail seed company and the third largest seed brand in the United States. The Beck family is now in its fifth generation of family members who work in the business to honor God and help farmers succeed. The Beck family and team of employees help farmers achieve success from generation to generation through authentic customer experiences, product diversity, seed quality, and performance. With a home office located in Atlanta, Ind., Beck's serves farmers throughout the Midwest and Mid-South.

To learn more about Beck's, visit beckshybrids.com.

About the Missouri Department of Economic Development

The Missouri Department of Economic Development (DED) works to create an environment that encourages economic growth by supporting Missouri's businesses and diverse industries, strengthening our communities, developing a talented and skilled workforce, and maintaining a high quality of life. As one team built around the customer and driven by data, DED aspires to be the best economic development department in the Midwest. Through its various initiatives, DED is helping create opportunities for Missourians to prosper.

For the latest updates on DED's current or future programs and initiatives, visit DED's website.

About the Missouri Works Program

As the state's number one incentive tool for expansion and retention, the Missouri Works Program helps businesses access capital through withholdings or tax credits to embark on facility expansions and create jobs. This program can also help businesses purchase equipment to maintain its facility in Missouri.

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