Jamestown  (CSi)  The Minnesota Soybean Processors cooperative will  be starting a capital campaign for  construction of the $240 million soybean processing plant in Spiritwood

NDSU Extension Educator Randy Grueneich says those interested being an investors will have an opportunity to be a part of this capital raising effort starting in June this year.

He adds that interested farmers may want to look at building more storage units before the plant opens in 2019.

The plant is an integrated soybean crush facility and refinery, crushing 125,000 bushels of soybeans per day. The Spiritwood site is expected to produce about 900,000 tons of soybean meal annually.

The plant is expected to  create 55 full time jobs and support the soybean price paid to local farmers.

The membership cooperative owns and operates a soybean crush facility and biodiesel operation in Brewster, Minnesota.