New Madrid, Mo. — 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.
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.