New Markets Tax Credit Coalition

URSA Cooperative – Canton, MO

Construction of a grain elevator that now serves as a high-speed throughput load-out facility for barges on the Mississippi River.

Investment

  • NMTC Amount: $10,450,000
  • Total Project Cost: $10,957,063

IMPACT

  • 57 FTE jobs

Investor

Project Description

The purpose of this project is to construct a grain elevator that now serves as a high-speed throughput load-out facility for barges on the Mississippi River. Its objective is to be able to fill a barge within three hours of dockage. Two high-speed, 20,000 bushel per hour dumps, legs and conveyors is now installed. Much of the time, farmers is now dumping dry grain directly onto barges at the time of harvest. However, the facility also possess at least three 140K bushel storage bins, a 58K bushel wet bin, a dryer, grain sweeps and related equipment with which to be able to retain several barges’ worth of grain. The project requires the installation of a “river cell” and barge load-out system with a major 40K bushel per hour conveyor that would extend out over the barge port area. The project also encompasses retaining wall construction, a small office and scales. This is not a conventional inland grain storage elevator. Its purpose is to serve as a throughput barge house, consistent with many high speed facilities that are typically used at river ports. However, another objective is to add additional storage capability at the site in future phases.

MAP

Address: 307 Oak Street, Canton, MO 63435

Census Tract: 29111970100

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