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Monsanto Company expansion in Kearney, Nebraska approaching completion

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Kearney, Nebraska
March 28, 2008

Monsanto Company (NYSE: MON) today announced the expansion of the company’s DEKALB® seed corn production facility in Kearney is on track for completion later this year.

The Kearney facility began construction on the expansion in 2007 as part of a $155 million investment by Monsanto to more than double corn seed production operations in Nebraska. The investment is expanding the Kearney facility and building a new corn seed production plant in York County, Nebraska.

The expansion will add one new high-capacity dryer, green corn receiving line, bulk storage and an additional 60,000 square feet of warehouse space to the Kearney facility. The new additions are estimated to boost overall production by more than 30 percent.

The Kearney facility is located on nearly 42 acres and has been conditioning DEKALB corn seed for more than 50 years.

Monsanto also held a ceremonial groundbreaking event today on the future site of the company’s new DEKALB seed conditioning facility located just outside the townships of Waco and Utica, Nebraska.

Tom Schaffran, the Kearney site lead for the past 8 years, was tapped to oversee construction of the new facility and will serve as the site lead for the completed facility which is slated to swing into production in 2009.

Jeff Tremel was named the new site lead for Kearney. In this capacity, Tremel will oversee the final construction details at the Kearney facility and will bring the expanded facility into use later this year.

“Increased demand for our corn seed products has given us the opportunity to invest in our existing facility at Kearney and build a new plant in York County,” said Kent Martin, corn seed production lead, Monsanto Company. “These expansions have created exciting new career opportunities for our current employees, like Tom and Jeff, and others that would like to become a part of the Monsanto family.”

Martin added, “We’ll be adding new full-time and seasonal employment opportunities in Kearney and at the new facility in York County. These are good jobs for good people.”

Tremel began his career with Monsanto in 1997 at the company’s Mason City, Illinois soybean facility. Most recently, Tremel was the site manager of the soybean seed production facility in Marshall, Missouri.

A native of Iowa, Tremel holds a degree in agribusiness from Iowa State University. He lives in Kearney with his wife, Emily, and two children, Dawson, age 6, and Natalie, age 4.

Monsanto currently conducts business in three other facilities in Nebraska located in Stromsburg, Gothenburg and Blair.

Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality.

 

 

 

 

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