Andersons, Inc.
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
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Item 2. Properties
The Company's principal agriculture and other properties as of December 31, 2025 are described below. The Company believes that its properties are adequate for its business, well maintained and utilized, suitable for their intended uses and adequately insured.
| Agribusiness · Renewables | ||||
|---|---|---|---|---|
| (in thousands) | Grain Storage | Dry Fertilizer Storage | Liquid Fertilizer Storage | Nameplate Capacity |
| Location | (bushels) | (tons) | (tons) | (gallons) |
| Canada | 21,166 | — | — | — |
| Idaho | 16,837 | — | — | — |
| Indiana | 16,800 | 134 | 135 | 110,000 |
| Iowa | — | 68 | — | 55,000 |
| Kansas | 74,178 | 11 | 23 | — |
| Louisiana | 23,276 | — | — | — |
| Michigan | 27,209 | 47 | 75 | 130,000 |
| Nebraska | 12,416 | 40 | — | — |
| Ohio | 38,578 | 78 | 152 | 110,000 |
| Texas | 23,901 | 16 | 3 | — |
| Wisconsin | — | 80 | 25 | — |
| Other | 16,424 | 65 | 56 | — |
| 270,785 | 539 | 469 | 405,000 | |
The Agribusiness grain storage facilities are mostly concrete and steel tanks, with some flat storage buildings. The Company also owns grain inspection buildings and dryers, maintenance buildings and truck scales and dumps. Approximately 73% of the total grain storage capacity noted above, which includes temporary pile storage, is owned, while the remaining capacity is leased from third parties.
The Agribusiness dry and liquid fertilizer properties consist mainly of fertilizer warehouse and formulation packaging facilities for dry and liquid fertilizers. The Company owns substantially all of these facilities noted above.
The Renewables properties consist of four ethanol plants which include grain storage tanks with a storage capacity of 14 million bushels that are predominantly used for the storage of corn as a raw material for the ethanol production process. The combined nameplate capacity of the plants is 405 million gallons, yet actual production is consistently well in excess of this amount.
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