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Local impact not known on Precision Soya news


Precision Soya, a leader and provider in the seed contract-production industry, announced last week it has withdrawn from a joint business venture with Louis J. Schweigert and North-Gro of Cuba City, WI, known as Gro Alliance, and will take over management and operation of Gro Alliance LLC April 30. Gro Alliance has plants in Belle Plaine and Whiting, Iowa; Bluffton, IN and Farmer City, IL.

Previously, Gro Alliance was a joint venture owned 75 percent by the Schweigert family and 25 percent by Precision Alliance Group. Founded in 1941, Gro Alliance is the nation’s largest, independently owned seed corn production company.

A March 31 news release stated Precision Soya will offer field production, seed conditioning, warehousing and distribution services as it had prior to the joint venture with Gro Alliance in 2005.

Belle Plaine site manager Jeff Steinback last week said he doesn’t know what changes may be in store for the Belle Plaine facility under Precision Soya management. Eight part-time employees were laid off March 29, Steinback said. The Belle Plaine facility currently employees 17 fulltime workers.






UPDATED April 10, 2010 10:51 AM

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