"We are not going to let our shareholders down," he said during a meeting with local officials in Jamestown Wednesday, June 16. "We are not going to let down Stutsman County or Jamestown and we sure as hell won't let down the state of North Dakota."
ADM announced plans to invest $350 million in the purchase of the former Cargill Malt plant, demolish most of that facility and construct a new soybean crushing plant on the location at Spiritwood adjacent to the Spiritwood Energy Park Association industrial park.
Connie Ova, CEO of the JSDC, was the emcee Wednesday, June 16, 2021, for the Welcome Archer Daniels Midland to Stutsman County luncheon at Harold Newman Arena. John M. Steiner / The Sun
ADM and the Stutsman County Commission are still in negotiations for a tax incentive package for the project. A county commission meeting on the topic is planned for 8 a.m. Friday, June 18, at the Stutsman County Courthouse.
Until Wednesday, local leaders referred to ADM as "Company X" under a nondisclosure agreement.
Connie Ova, CEO of the Jamestown/Stutsman Development Corp., referred to the project as an "economic developer's dream come true."
Jamestown Mayor Dwaine Heinrich welcomed ADM to the Jamestown community and honored some of the people who led the effort to add agricultural processing facilities in the county.
"It is appropriate to gather at the Harold Newman Arena for this event," Heinrich said.
Newman's plan to construct an ethanol plant at Spiritwood brought about the first discussion of industrial development at Spiritwood. Newman was unable to construct his planned ethanol plant. Later, Great River Energy constructed the Dakota Spirit AgEnergy ethanol plant at the site.
"Newman was always interested in the community and a pioneer in North Dakota ethanol production," Heinrich said.
Heinrich wished ADM success in its soybean plant project.
Mayor Dwaine Heinrich delivers a speech Wednesday, June 16, 2001, welcoming Archer Daniels Midland to the area. John M. Steiner / The Sun
"What you will find in Jamestown is success in business is not a good thing but a great thing," he said.
Doug Goehring, North Dakota agriculture commissioner, said the project had been in discussion stages for about four years with at least two possible developers.
"Frankly, we needed all the pieces to fall together," he said.
In 2017, Minnesota Soybean Growers announced plans to build a soybean crushing plant at Spiritwood but was not able to assemble financing for the project.
Goehring said the ADM plant will process about 25% of the soybeans grown in North Dakota.
"It is promising for the health and welfare of the state," he said.
Campbell said ADM has assigned several people within the company to work full time on the financing, planning and construction of the planned Spiritwood plant.
Demolition work on the former Cargill Malt plant could begin by the end of June. Plans call for the completion of the crushing plant in time to process the soybean crop harvested in the fall of 2023.
"This is another victory for North Dakota," said Al Christianson, business development and government affairs manager for Great River Energy.
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ADM vows success for Spiritwood soybean processing plant - AG Week
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