West of Mpls MN about 50 miles on Hwy 12 | My next door neighbor/former manager was blindsided by the decision and given about two days more notice than the other employees were. Talk is that our local facility was showing a decent profit over the past several years and that closing facilities is a "Wall Street" based decision made to pacify shareholders earning expectations...I have no reason not to believe the talk.
My thoughts are Cargill and Nutrien shareholders got used to profits made from $7.00 corn and $14.00 soybeans and don't much care for the projected profits $3.00 corn and $9.00 soybeans...or less generate.
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Cargill and Nutrien layoffs/closures
