Open HouseDate: October 27, 2017
Join us as we celebrate the new partnership between Key Cooperative and LRI.
Key Cooperative recently finished “Phase 3” at the Newton Rail Center with the construction of a new 270,000 bushel grain bin. The bin has been designated for soybeans and Key is now able to receive directly from the grower – which is something new for this location. Over the past three years, Key has shipped some bean trains out of the Newton Rail Center but only by trucking the beans over to the Center the day of loading. This practice certainly worked but ultimately created logistical issues for both the Cooperative as well as customers that were delivering corn. “When this location was originally built there was not much of a bean market on the Iowa Interstate Railroad,” says Newton Rail Location Manager, Matt Kauffman. “Market conditions have changed and provided the Cooperative an opportunity to better meet the market demand.” Key Cooperative received its first load of beans on September 25 and have been steadily accepting beans since.
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