By Scout Nelson
The South Dakota Board of Economic Development recently approved funding for three major projects that will strengthen agriculture and value-added manufacturing across the state. These projects are expected to generate more than $136 million in capital investment and create about 23 new jobs.
The investments focus on expanding ethanol production, building new feed manufacturing facilities, and increasing fertilizer production capacity. These projects support important industries that play a key role in the state’s agricultural economy.
“Ag is king in South Dakota, and these projects support the industries that keep our state strong,” said Governor Larry Rhoden. “They help our farmers, create opportunities for businesses, and ensure our communities will continue to grow and thrive for generations to come.”
One of the largest projects involves Dakota Ethanol LLC in Wentworth. The board approved a Reinvestment Payment Program grant of up to $1,499,027 for the company. The project includes building four new fermentation tanks and upgrading the facility’s infrastructure. Once completed, the improvements will increase the plant’s production capacity to about 150 million gallons of ethanol each year.
The board also approved funding for Agtegra Cooperative to support two additional projects. The first grant, valued at up to $254,243 through the South Dakota Jobs Program, will help construct a new feed mill in Faulkton. The facility will have the capacity to produce 100,000 tons of feed annually. The feed mill will serve swine and poultry operations and will include new equipment and transportation systems.
A second South Dakota Jobs Program grant of up to $85,835 will help Agtegra Cooperative expand fertilizer production and storage. The project will involve improvements at facilities in Ipswich, Bath, Kennebec, and McLaughlin. Planned upgrades include new storage tanks, packaging systems, and warehouse space. The expansion will double fertilizer production capacity.
“When South Dakota companies reinvest and expand, it strengthens key industries and supports long-term opportunity for our workforce and communities,” said GOED Commissioner Bill Even. “These projects highlight continued growth in South Dakota’s agriculture and value-added manufacturing sectors.”
State leaders believe these investments will strengthen rural economies, support farmers, and encourage continued development in agriculture-related industries.
Photo Credit: ethanol-support-rocky-ormiston
Categories: South Dakota, Crops, Government & Policy, Rural Lifestyle