What Minnesota Soybean Processors does

Minnesota Soybean Processors (MnSP) is a 2,200-member farmer cooperative that owns and operates an integrated soybean crush and biodiesel biorefinery on a single campus in Brewster, Minnesota. The crush facility began processing beans in 2003 and an on-site biodiesel refining facility was added in 2005, enabling the cooperative to convert member-delivered soybeans into four commercial outputs: high-protein soybean meal, soybean hulls and soy hull pellets (SHPs), crude/refined soybean oil, and biodiesel fuel. Member-growers deliver raw soybeans under posted cash bids, a spot policy that auto-prices non-contracted deliveries, and a Free Price Later storage program; finished products are sold to domestic U.S. livestock feed producers and renewable fuel buyers via 24/7 on-site loadout at Brewster, with secondary oil loadout at Heron Lake.

The cooperative's business model rests on commodity transactions: revenue is generated per bushel crushed and per gallon/lb of meal, hulls, oil, and biodiesel sold, with cash bids published online. Capital is raised internally through Class A preferred stock and 8% Non-Cumulative Convertible Class B Preferred Stock (Series 2004), both traded on an internal Stock Bulletin Board subject to Board of Directors approval and accompanied by NDA, membership application, and Uniform Marketing and Delivery Agreement requirements. Member-facing digital infrastructure includes a third-party-hosted Grower Portal (CIHedging), iOS/Android mobile applications, and a public MnSP Live Web Cam / Line Image Cams platform providing real-time operational transparency across the receiving, meal loadout, and oil loadout lines.

The cooperative is led by CEO/General Manager Jeramie Weller, CFO Rob Carstensen, COO David Buchholz, and Commercial Manager Jerod Wolff. Governance is exercised through a separate Board of Directors, and ownership transfers occur via private stock agreements rather than public markets. The company has published nine years of historical sales records (2018–2026) and operates from a single geographic footprint in the U.S. Midwest, with no disclosed expansion outside the Brewster/Heron Lake, Minnesota area.

Name

Minnesota Soybean Processors

Legal name

Minnesota Soybean Processors

Website

https://mnsoy.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Minnesota Soybean Processors is a 2,200-member farmer cooperative that owns and operates an integrated soybean crush and biodiesel biorefinery in Brewster, Minnesota, producing soybean meal, hulls, oil, and biodiesel for U.S. feed and renewable fuel buyers.

Ownership category

akta.pro rank

Product category

Oilseed Processing & Biofuel Manufacturing

NAICS

Soybean Farming (11111), Soybean and Other Oilseed Processing (311224)

SIC

Agricultural Production-Crops (100), Grain Mill Products (2040)

akta.pro primary industry

Soybean Farming (AFAGABAA)

akta.pro secondary industries

Supply Chain, Marketing & Contracting Advisory (Grain/Livestock Marketing) (AFACAJAH), Carbon, Sustainability & Farm Certification Support (Agro-Environmental Advisory) (AFACABAL)

Keywords

• Soybean crushing
• Biodiesel production
• Soybean meal feed
• Soybean oil refining
• Agricultural cooperative processing

Headquarters

HQ city

Brewster

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Soybean meal sales: Continuous 24/7 loadout of soybean meal to America's livestock and feed producers; pricing driven by posted cash bids.
2. Soybean oil and biodiesel sales: 24/7 loadout of crude/refined soybean oil and biodiesel from the Brewster plant and Heron Lake oil loadout site.
3. Soybean hulls and soy hull pellets (SHPs): Animal feed byproducts sold through scheduled weekday loadout windows.
4. Preferred stock capital (Class A and 8% Non-Cumulative Convertible Class B Preferred Stock, Series 2004): Cooperative raises capital from members through issuance and transfer of preferred stock units; new buyers must execute an NDA, membership application, and Uniform Marketing and Delivery Agreement.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Minnesota Soybean Processors (MnSP) is a 2,200-member farmer cooperative that owns and operates a soybean crush facility and an on-site biodiesel biorefinery in Brewster, Minnesota. The cooperative converts member-delivered soybeans into soybean meal, soybean hulls/SHPs, crude/refined soybean oil, and biodiesel fuel, which it sells to America's livestock feed producers and renewable fuel buyers. Surrounding member services include cash bid pricing, a grower hedging portal, a mobile app, and live facility webcams.

Product overview

Minnesota Soybean Processors (MnSP) is a 2,200-member cooperative that operates a single integrated platform of soybean processing assets in Brewster, Minnesota. The platform centers on a soybean crush facility (started 2003) coupled with an on-site biodiesel refining facility (added 2005), which together convert member-delivered Soybeans into the cooperative's commercial Soybean Meal, Hulls/SHPs (Feed products), Soybean Oil, and Biodiesel Fuel. Surrounding these physical products, MnSP offers a set of digital services for members: the Cash Bids Service, a hosted Grower Portal (CIH Hedging), the MnSP Mobile App, and MnSP Live Web Cam / Line Image Cams for real-time facility monitoring. Adjacent member services include the 2026 Scholarship Program, a member directory, and shareholder/governance tools (Governing Documents, Stock Bulletin Board, Trade Instructions, Annual Report, Historical Sales).

Differentiator

Problem solved

Functional benefit

Products and services

• Soybean Meal High-protein soybean meal produced at the Brewster, Minnesota crush facility from member-delivered soybeans, loaded out 24/7 for sale into America's livestock and feed industry buyers.
• Hulls and Soy Hull Pellets (SHPs) Soybean hulls and soy hull pellets (SHPs) sold as an animal feed ingredient, with loadout hours Monday-Friday 7:00am-5:00pm from the Brewster facility.
• Soybean Oil Crude and refined soybean oil produced at the Brewster facility, loaded out 24/7 as feedstock for the on-site biodiesel refinery and for sale to external oil customers.
• Biodiesel Fuel Renewable biodiesel produced from soybean oil at the Brewster biorefinery (added in 2005), marketed as a high-quality renewable fuel source and loaded out 24/7 from Brewster and Heron Lake.
• Cash Bids and Grain Marketing Service Delayed cash bid pricing published on the MnSP website for member-growers delivering soybeans, including spot policy and the Free Price Later program in which members can sign up with a merchandiser and price bushels by September 30, 2026.

Quantifiable outcome

• 2,200 cooperative farmer-members supported by a single-site crush and biodiesel facility.
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Perdue AgriBusiness: Perdue AgriBusiness operates soybean crushing and refining assets in the eastern U.S. and produces soybean meal, oil, and biodiesel. It is a relevant direct peer through overlapping product offerings and customer segments (livestock feed and renewable fuel), although it is private/privately held by a larger agribusiness group rather than a farmer cooperative.
• Ag Processing Inc (AGP): AGP is the largest farmer-owned soybean processing cooperative in the U.S., operating multiple crush and refining facilities across the Midwest. It is the most structurally comparable peer to MnSP, matching the farmer-cooperative model, soybean crush capacity, and meal/oil product mix, but at materially greater scale and geographic footprint.
• South Dakota Soybean Processors: SDSP is a farmer-owned cooperative that operates a soybean crush and biodiesel facility in Volga, South Dakota. It is the closest geographic and structural peer to MnSP, with a near-identical product mix (meal, hulls, oil, biodiesel) and cooperative governance model, making it a like-for-like comparison for crush economics and member value-added returns.

Broad incumbents

• Bunge Global SA: Bunge is a global oilseed processor and biodiesel producer with significant U.S. crush capacity. It is relevant as a peer in soybean meal, oil, and renewable fuel markets, and as a publicly traded comp for crush and biodiesel margin benchmarking, but its scale and international footprint place it well beyond MnSP's regional cooperative scope.
• CHS Inc. CHS is a large farmer-owned cooperative operating soybean processing, refining, and renewable fuels businesses across the Midwest. It is a relevant incumbent peer because it competes with MnSP for both farmer-delivered bushels and downstream feed/fuel offtake, but it is substantially larger and more diversified across energy, grains, and crop nutrients.
• Louis Dreyfus Company: Louis Dreyfus operates a global oilseed crush and biodiesel origination network with U.S. exposure. It is comparable to MnSP through its soybean meal, oil, and renewable diesel feedstock business, but operates at a global trading scale rather than a regional cooperative model.
• Archer-Daniels-Midland (ADM): ADM operates one of the largest soybean crush and oilseed processing networks in the world, with integrated meal, oil, and biodiesel output. It is comparable to MnSP through overlapping product categories and customers, but as a global ag major it competes at a fundamentally different scale than the Brewster, MN single-site cooperative.
• Cargill: Cargill operates a global oilseed crush and biodiesel/renewable fuels business that overlaps directly with MnSP's product portfolio. It is comparable as a competing soybean meal, oil, and biodiesel supplier, but operates at a vastly larger scale and is a privately held global agribusiness rather than a regional farmer cooperative.

Others

• Chevron Renewable Energy Group (REG): REG (now a Chevron subsidiary) is one of North America's largest biodiesel producers and a direct buyer of soybean oil feedstock that MnSP produces. It is comparable as a downstream offtake counterpart in the renewable fuel value chain and as a benchmark for biodiesel economics, but it does not operate a crush plant itself.

Emerging players

• Green Plains Inc. Green Plains is a publicly traded producer of ethanol and emerging renewable diesel/high-protein ingredients, with growing exposure to oilseed processing via its Protein Innovation segment. It is a comparable emerging player in the renewable fuel and oilseed byproduct space, though focused on corn ethanol adjacent technologies rather than soybean crush.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/mnsoy
• LinkedInlinkedin.com/company/minnesota-soybean-processors

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Minnesota Soybean Processors