An agreement has been reached to build a new $2 million fertilizer plant in American Falls.
The Idaho Statesman reports ConAgra Foods and Magnida also announced an agreement on groundwater Tuesday.
The two companies say arrangements for financing the new fertilizer plant have been in the works for more than six years. Construction on the new plant could begin in 2015.
Magnida would turn natural gas into ammonia nitrate fertilizer for domestic farmers. It plans to hire 1,500 workers during construction and employ 170 workers permanently. The plant could open as early as 2018.
ConAgra, which operates a French fry potato plant that would be next door, previously opposed the fertilizer plant.