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AGP Corn Processing Plant On Extended Shutdown

AGP announced today that it has shut down operations of it's corn processing plant at Hastings effective February 01, 2013. Company officials cite ongoing challenges with the ethanol industry for the decision and will continue to evaluate the market conditions. AGP in Hastings also operates a soybean processing plant, a vegetable oil refinery and an AminoPlus production facility at it's industrial complex. Those operations will not be impacted by today's announcement. AGP's Human Resources department is working with the 43 employees affected by the corn processing plant shutdown.