Minnesota Cooperative Plans $700 Million Soybean Plant in Evansville

Evansville, IN, September 20, 2026 —

A significant development is underway in Evansville as a Minnesota-based cooperative announces plans for a substantial investment to construct a new soybean processing plant. The proposed project represents a financial commitment of approximately $700 million.

The cooperative, whose specific name was not provided in the initial announcement, intends to establish the facility in Evansville. This new plant is slated to focus on soybean processing, a key agricultural industry. The scale of the planned investment underscores the cooperative’s commitment to expanding its operations and contributing to the local economy.

Details regarding the timeline for construction, the projected number of jobs the plant will create, or specific operational capacities were not immediately available. The cooperative is based in Minnesota, indicating a potential expansion of its regional footprint into Indiana. Further information on the project’s phases and expected completion date is anticipated as planning progresses.

The decision to build a soybean processing plant in Evansville highlights the region’s strategic importance for agricultural commodities and processing infrastructure. The $700 million investment is expected to have a considerable economic impact, though specific benefits such as increased local tax revenue or support for local farmers have not yet been detailed.

Discussions and preliminary steps regarding the development are ongoing. The cooperative has not yet released information about potential partnerships, suppliers, or the specific technologies that will be employed at the new facility. The announcement marks a major economic initiative for Evansville.

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