Renville, Minnesota
Dana Persson, CEO
Midwest Investors is a marketing cooperative incorporated in March
1994. Membership is limited to agricultural producers, seven of whom
form the board of directors that governs the company. Midwest Investors
was organized to invest in the production of eggs and egg products as
an opportunity to diversify producer investment portfolios in
value-added agricultural production. The cooperative anticipates that
it will explore investments in other value added opportunities as well. |
A closer look... |
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Golden Oval is the egg production and processing division of Midwest
Investors. Construction of an in-line egg production and processing
complex began in Renville in June 1994. Each of the sixteen two-story
barns has a capacity for 127,000 laying hens. The first flock was
placed in the barns in November 1994, and less than two years later, in
October 1996, the last barn was completed and filled, bringing the
total number of hens to 2 million. The processing building, which began
operations in September 1995, houses the equipment that breaks and
separates the eggs. At full capacity, the operation will yield
approximately 55 to 60 million pounds of egg products annually, which
will be shipped to meet the terms of marketing agreements with two
companies that will further process liquid eggs into products for the
retail and food service industries. Projected sales for Golden Oval are
approximately $20 million. |
Golden Oval |
