KENNETT, Mo. — Delta Peanut held a groundbreaking ceremony to celebrate the construction of a new peanut processing plant. The expansion will bring an investment of more than $50 million and create nearly 50 new jobs in Kennett and the surrounding area.
Delta Peanut is a farmer owned company that serves peanut farmers in Missouri, Arkansas, and Louisiana. The Kennett facility will be the company’s second processing plant and the first located in Missouri.
“We’re excited that Delta Peanut is expanding into Southeast Missouri,” Governor Mike Parson said. “This new facility will not only support Missouri agriculture, our state’s number one industry, but also provide new, good-paying jobs for Missourians in the region.”
“We are thrilled to see peanuts return to Missouri,” said Director of Agriculture Chris Chinn. “Our team was just in southeast Missouri to capture the progress our farmers made this planting season. It’s exciting to see our farmers’ dreams of a peanut shelling facility come true just a year after Missouri was deemed a primary peanut producing state by USDA.”
As a farmer owned company, Delta Peanut will be using the Missouri Agricultural and Small Business Development Authority’s New Generation Cooperative Tax Credit. The program encourages investment in entities that process Missouri agricultural commodities and products by issuing tax credits directly to producer members. To qualify, entities must provide substantial benefits to Missouri’s agricultural producers and create jobs for Missourians.
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— Missouri Department of Agriculture
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