A Farmer Owned Cooperative Since 1992
Heartland Corn Products History
Heartland Corn Products was formed in 1992 as a farmer-owned cooperative. In May 1995 production began at its 10MM gallon per year facility now known as the “East Plant”. Following the latest in a series of expansions the East Plant now produces nearly 70MM gallons of ethanol per year. In 2005 Heartland began construction on a separate 50MM gallon plant (West Plant) located adjacent to the original plant. Operational in December 2006 the West Plant is currently producing over 70MM gallons per year. Heartland Corn Products currently grinds corn at a rate of 47 million bushels per year to produce over 140 million gallons of ethanol, 6 million gallons of distillers corn oil, and 290,000 tons of dried distillers grain (DDGS).
Heartland Corn Products is structured as a closed cooperative association, requiring ownership of shares in the company prorated to the amount of grain marketed thru the company. The basic business model is that farmers/producers deliver corn; the company processes the corn, markets the products, and pays the producer the value of the products less the costs of operations and debt service.
Own a minimum of 5,000 shares and a farmer/producer of corn.
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