Feasibility of a soybean-crushing facility
A study was conducted on the feasibility of establishing a soybean-crushing facility in the Western Corn Belt. Long-term projections were made of the supply/demand and prices of soybeans, meal and oil. Local availability of soybeans and the regional market for meal were assessed, and the issue of whether to include a refinery at the facility or sell the oil in crude form was considered. Ten-year financial projections were developed and feasibility metrics were calculated. An assessment of industry structure also was conducted, which informed multiple aspects of the study.