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Thursday, July 11, 2019

Title Moberly Natural Crush Continues Summer Investor Meetings

MOBERLY – Moberly Natural Crush, LLC., (MNC) has scheduled the following Investor meetings for the week of July 15:

July 15, 6:30 p.m., Monday, Clinton Building, 501 Campanella, Sikeston

July 16, 6:30 p.m., Tuesday, St. Pat’s Hall, 200 W. Holmes St, Vandalia

July 17, 6:30 p.m., Wednesday, Senior Center, 304 S. Broadway, Salisbury

July 18, 6:30 p.m., Thursday, ARC Rec Center, 1701 Ash St., Columbia

For a complete list of its scheduled meetings for July and August, go to moberlynaturalcrush.com.

MNC will be a “farmer-controlled” entity, and as such, it has been contingently approved for a $1.5 million Producer Tax Credit. That means that farmer-investors can immediately recoup between 30%-to-50% of their investment in the form of a state tax credit, and these credits are transferrable.

MNC completed its Phase 1 equity drive in March and used the proceeds to purchase the infra-structure of a crush plant that was never utilized. The purchased assets include a 12,000 square-foot production building, 100,000 bushel grain bin, 800-ton meal bin, and a load-in-load-out station.

In the Phase 2 drive, the company will raise up to $5 million in equity for the purposes of purchasing equipment and additional infra-structure needed to process 96 tons per day. The company plans on doubling that capacity by Year 3, in which it will be processing 2.3 million bushels per year.

The company will operate as a specialty soybean processor focused on the burgeoning demand for non-GMO and Organic food products. For several years, natural food products have been the fastest growing category in supermarket sales, and within natural foods, non-GMO products have seen the highest rate of growth.

“The expansion of natural foods makes this an extremely attractive opportunity,” said one of the company founders and CEO, Pat Conners. “Add into the equation the new soybean being launched by the Missouri Soybean Council (MSC) and the University, and you couldn’t ask for a better time and place to enter into this industry.”

Conners is referring to a new non-GMO soybean that has been developed with a High Oleic trait. Through a joint venture, the MSC and University own the rights to the soybean and have been harvesting foundation crops in recent years. They expect it to become commercially viable in the 2021-2022 timeframe.

Non-GMO soybean meal has been selling at a 20%-to-25% premium above conventional meal. High Oleic soybean oil has been selling at more than a 30% premium above conventional oil.

“These premiums mean that Missouri’s non-GMO-High Oleic soybean farmers will be commanding the highest premiums in the country, and Moberly Natural Crush will be the marketplace that services this niche,” Conners said.

“The support we are receiving from the state and the Soybean Association and the University has been outstanding,” Conners said. “This is a true partnership, and a true win-win-win scenario for Missouri Farmers, the State and Moberly Natural Crush.”

For more information, contact Pat Conners at 314-809-9499; or pconners75@gmail.com.