New Hampton, IA – Five Star Cooperative, headquartered in New Hampton, has planned to invest around $9.7 million dollars this year in three north Iowa communities.
The first project, already under construction, includes a $8.2 million dollar dry fertilizer plant in Joyce. That facility will include 22,000 tons of dry fertilizer storage and one million gallons of liquid fertilizer storage in addition to the existing one million gallon liquid storage. This project is expected to create at least two new jobs and should be complete by September 1st 2014.
The other projects include the cities of Hanlontown and Scarville. Construction will begin this spring on a $1.2 million dollar soybean facility in Hanlontown. The Scarville location will be getting a card troll unmanned gas station by the end of the year. The cost of this project is close to $300,000 and is in addition to $5 million in upgrades that were performed just last year.