Consolidated Grain and Barge Co. and Agspring Announce Marketing Agreement for Big River Rice and Grain

MANDEVILLE, LA (July 17, 2018) – Consolidated Grain and Barge Co. (“CGB”) and Agspring announce an agreement today to begin providing managerial and marketing services to Big River Rice & Grain, an Agspring company.

This new relationship aligns Big River directly with export markets through CGB’s longstanding and reliable record supplying foreign feed markets with both corn and soybeans.

Over the last six months Agspring has debottlenecked the Big River barge loading facility increasing inbound capacity by 25% and further optimizing barge loading times.  This results in greater delivery efficiencies for producers and improved environmental impact.  Seth Post, formerly regional facilities manager for CGB, has joined Big River as general manager.

“CGB is excited to further expand its network in the Mississippi Delta, and we look forward to providing marketing and managerial services to Big River Rice and Grain,” said Greg Beck, Senior Vice President, Grain Division.  “CGB prides itself on providing a high level of customer service, and we will diligently serve this extended customer base through keen attention to detail, paired with expertly developed risk management tools.”

“The day of a single barge loading facility not tied directly to an export elevator is over.  This relationship changes the Big River model moving forward resulting in benefits to our producers who will be aligned directly with a large and sophisticated exporter of grain,” said Mark Beemer, CEO of Agspring.  “I am also pleased to welcome Seth to our team as we’ll benefit from his years of experience in merchandising, trading, and facility management.”

 

Big River Rice and Grain, headquartered in Pioneer, Louisiana, is centrally located among facilities in Delhi, Mer Rouge, Monticello, Lake Providence, and Crowville, Louisiana, as well as Parkdale and Eudora, Arkansas. The company provides origination, storage and handling, logistics, marketing and risk management for corn, soybeans, and rice throughout the region.

About Consolidated Grain and Barge Co.

Consolidated Grain and Barge Co., a wholly owned subsidiary of CGB Enterprises, Inc., is headquartered in Mandeville, LA, and operates 97 grain facilities across the Midwest.  In addition to grain facilities, CGB Enterprises, Inc. has dedicated operations in logistics and transportation (CTLC), fertilizer, crop insurance (Diversified Services), agri-finance (AGRIfinancial Services), soybean processing, producer risk management, and other related businesses. For more information on CGB Enterprises, Inc. and its family of businesses, please visit www.cgb.com.


About Agspring

Agspring is a multidimensional USA based company operating a large elevator and barge operation in Louisiana/Arkansas; an extensive sustainable sourcing infrastructure in Idaho providing more than eight different types of premium, industry-leading milling-quality wheat serving the milling and food processing industries; a leading dedicated gluten-free ingredient supplier; and a third party transportation services division expediting numerous agricultural, food and beverage products to critical end users.