Columbia Grain Price Topped $3 Million

A Japanese grain trading company paid $3.32 million for a Snake River barge-loading terminal and a Pullman seed processing plant, real estate records show.

Columbia Grain Inc., a Portlandbased subsidiary of Marubeni Corp. of Tokyo, bought Stegner Grain & Seed Co. of Lewiston, Idaho, in January for an undisclosed price.

Whitman County real estate records show that Columbia Grain paid $2.94 million for Stegner’s 4.2 million-bushel river terminal and rail siding near Clarkston, Wash.

The company also paid $383,400 for a seed plant on Highway 195 near Pullman. That was less than the $460,000 that Stegner paid in 1989 for an older seed plant on the site, which was replaced.

Stegner president Joe Stegner said the company was sold as a whole and values were assigned to various properties after the sale.

The Stegner sale included Stegner grain elevators that have a combined grain capacity to hold 6.8 million bushels, and the Nezperce Storage Co., a 2.6 million-bushel grain and feed operation that Stegner bought in December.