The soybean processing plant project of Coshocton Grain Company is receiving a boost from federal funding, reports theCoshocton Tribune.
It was announced Tuesday that the United States Department of Agriculture has awarded a $2 million no interest loan to Ohio's Coshocton Grain Company for construction of a facility that will sell products to area livestock and biodiesel producers.
Funding is part of the USDA's Rural Development program. It's the second time Coshocton Grain has received a loan from the program, the first was in 2013 for a grain elevator in Illinois.
The facility expects to purchase grain from 900 local farmers in 22 Ohio counties.
US Corn Price Idx:ZCPAUS.CM
open: 7.1569
high: 7.1769
low: 7.0383
close: 7.0879
US Soybean Price Idx:ZSPAUS.CM
open: 16.1261
high: 16.1761
low: 15.932
close: 16.0968
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 9.8973
high: 10.0473
low: 9.7533
close: 9.8922
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 9.693
high: 9.8817
low: 9.5537
close: 9.6458
Copyright © 2022 WATT Global Media. Allmarket datais provided by Barchart Solutions. Futures: at least 10 minute delayed. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please seedisclaimer.
