Poet Cash Bids per Bushel

About Poet

POET, established in 1987, has grown from a single bioprocessing facility in Scotland, South Dakota, into the world's largest producer of biofuels and a pioneer in sustainable bioproducts. Headquartered in Sioux Falls, South Dakota, POET operates 34 bioprocessing facilities across the Midwest and employs nearly 2,400 people. The company’s vertically integrated model includes R&D, construction, technology development, operations, and marketing, enabling it to control quality, drive innovation, and scale sustainable solutions across its value chain.

At the heart of POET’s operations is its commitment to renewable energy and maximizing the value of American agriculture. Working with more than 40,000 farmers, POET processes nearly a billion bushels of grain annually, turning locally grown corn into a range of bioproducts. These include bioethanol, corn fermented protein, distillers grains, purified alcohol, bioCO₂, and even dry ice. Every part of the corn kernel is used to produce products that power vehicles, support food production, and reduce reliance on fossil fuels.

The grain procurement and merchandising side of POET plays a crucial role in linking agriculture with the bioeconomy. Local merchandisers stationed at each facility offer farmers real-time support and access to fair, transparent grain pricing. These direct relationships inject billions of dollars back into rural communities each year, reinforcing POET’s mission to advance agriculture, strengthen local economies, and drive environmental stewardship.

POET is also deeply committed to innovation, holding more than 140 U.S. patents and continually exploring new applications for plant-based products. Beyond industrial innovation, the company invests in global and local outreach through its nonprofit Seeds of Change, which supports sustainable agriculture and education initiatives worldwide. POET’s vision for a greener, more balanced world hinges on its belief that nature already holds the answers to many of today’s challenges—if we can harness them responsibly and at scale.

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Poet FAQ

What is POET?

POET is the world’s largest producer of biofuels and a global leader in sustainable bioproducts. Founded in 1987, POET operates 34 bioprocessing facilities across the Midwest and works with tens of thousands of farmers to produce plant-based alternatives to petroleum products.

What role does grain play in POET’s operations?

Grain, primarily corn, is the cornerstone of POET’s bioprocessing operations. The company purchases nearly a billion bushels of corn annually from over 40,000 local farmers to produce bioethanol and a range of other bioproducts.

What products does POET create from grain?

POET produces bioethanol, corn fermented protein (for animal feed), distillers grains, purified alcohol, bioCO₂, dry ice, and distillers corn oil. These products are used in industries ranging from transportation and agriculture to food and industrial processing.

Where are POET’s grain facilities located?

POET has bioprocessing plants across the Midwest, primarily in states like South Dakota, Iowa, Minnesota, Nebraska, and Indiana. Each location is supported by a local grain merchandising team that works directly with farmers.

Can producers contract directly with POET?

Yes, many POET locations have dedicated grain merchandisers who work directly with local farmers. Producers can discuss contract options, pricing, and delivery directly with their local POET team.

What sets POET apart from traditional grain buyers?

POET not only purchases grain but transforms it into high-value, environmentally friendly products. Their vertically integrated system—from procurement to processing—ensures efficiency, innovation, and a strong return for farmers and rural communities.

Poet Locations

• Albert Lea, MN
  15300 780th Ave., Albert Lea, Freeborn County, 56007 MN
  Phone number: 507-373-8895
• Alexandria, IN
  13179 N. 100 E., Alexandria, Madison County, 46001 IN
  Phone number: (765) 724-4384
• Arthur, IA
  2585 Quail Ave, Arthur, Ida County, 51431 IA
  Phone number: (712) 973-0900
• Ashton, IA
  4970 260th Street, Ashton, Osceola County, 51232 IA
  Phone number: 712-724-6604
• Big Stone, SD
  48416 144TH STREET, Big Stone City, Grant County, 57216 SD
  Phone number: 605-862-7902
• Bingham Lake, MN
  40212 510th, Bingham Lake, Cottonwood County, 56118 MN
  Phone number: 507-831-0063
• Caro, MI
  1551 Empire Drive, Caro, Tuscola County, 48723 MI
  Phone number: 989-672-1222
• Chancellor, SD
  27716 462ND AVE., Chancellor, Turner County, 57015 SD
  Phone number: 605-647-0040
• Cloverdale, IN
  2265 E County Rd 800 S, Cloverdale, Putnam County, 46120 IN
  Phone number: (765) 264-8600
• Coon Rapids, IA
  1015 GRANT AVE., Coon Rapids, Guthrie County, 50058 IA
  Phone number: 712-684-5102
• Corning, IA
  1680 Brooks Road, Corning, Adams County, 50841 IA
  Phone number: (641) 322-6439
• Emmetsburg, IA
  4724 380TH St., Emmetsburg, Palo Alto County, 50536 IA
  Phone number: 712-852-8700
• Fairbank, IA
  1277 102nd St, Fairbank, Buchanan County, 50629 IA
  Phone number: (319) 326-0600
• Fairmont, NE
  1214 Rd G, Fairmont, Fillmore County, 68354 NE
  Phone number: (402) 268-1900
• Fostoria, OH
  2111 Sandusky Street, Fostoria, Seneca County, 44830 OH
  Phone number: (419) 436-0954
• Gowrie, IA
  1562 320th ST., Gowrie, Webster County, 50543 IA
  Phone number: 515-352-2612
• Groton, SD
  40425 133rd Street, Groton, Brown County, 57445 SD
  Phone number: 605-397-2726
• Hanlontown, IA
  3638 Fir Avenue, Hanlontown, Worth County, 50444 IA
  Phone number: 641-896-2500
• Hudson, SD
  29619 Spurr Ave., Hudson, Lincoln County, 57034 SD
  Phone number: 605-984-2222
• Iowa Falls, IA
  21050 140th St, Iowa Falls, Hardin County, 50126 IA
  Phone number: (641) 630-1599
• Jewell, IA
  2601 320th Street, Jewell, Hamilton County, 50130 IA
  Phone number: 515-827-6050
• Laddonia, MO
  809 North Pine, Laddonia, Audrain County, 63352 MO
  Phone number: 573-373-1260
• Lake Crystal, MN
  19200 499th Avenue, Lake Crystal, Blue Earth County, 56055 MN
  Phone number: 507-726-2645
• Leipsic, OH
  3875 Russel Avenue, Leipsic, Putnam County, 45856 OH
• Macon, MO
  30211 Major Avenue, Macon, Macon County, 63552 MO
  Phone number: 660-385-2789
• Marion, OH
  1660 Hillman-Ford Road, Marion, Marion County, 63552 OH
  Phone number: (740) 383-4400
• Menlo, IA
  3363 Talon Ave, Menlo, Guthrie County, 50164 IA
  Phone number: (641) 860-4300
• Mitchell, SD
  40509 247TH ST., Mitchell, Davison County, 57301 SD
  Phone number: 605-996-1686
• North Manchester, IN
  868 E. 800 N., North Manchester, Wabash County, 46962 IN
  Phone number: (260) 774-3532
• Portland, IN
  1542 S. 200 WEST, Portland, Jay County, 47371 IN
  Phone number: 260-726-7154
• Preston, MN
  701 N. Industrial Dr., Preston, Fillmore County, 55965 MN
  Phone number: 507-765-4548
• Scotland, SD
  851 WASHINGTON ST., Scotland, Bon Homme County, 57059 SD
  Phone number: 605-583-2258
• Shelbyville, IN
  2373 West 300 North, Shelbyville, Shelby County, 46176 IN
  Phone number: (317) 699-4199
• Shell Rock, IA
  30750 212th St, Shell Rock, Butler County, 50670 IA
  Phone number: (319) 820-2600