North Dakota Farmers Union is encouraging farmers to attend upcoming investor meetings for a soybean crushing facility and refinery that will be located near Spiritwood. The North Dakota Soybean Processors’ (NDSP) project will utilize 125,000 bushels of soybeans per day once completed.
“Adding value to commodities through in-state processing facilities, especially farmer-owned facilities, is something we strongly support,” said NDFU President Mark Watne. “I would encourage farmers to attend upcoming investment offering meetings. This could be a good avenue to improve farm income.”
NDSP is offering 9,000 to 12,000 total units for sale at $10,000 each. Minnesota Soybean Processors is making a $60 million investment to purchase 6,000 units and will serve as the company’s managing member. A minimum investment of four units or $40,000 is required to invest in the project.
Meetings will be held at 7 p.m. at the following locations:
Tuesday, July 25 — North Dakota Farmers Union, Jamestown; Great River Energy, Bismarck
Wednesday, July 26 — Ramada Grand Dakota Lodge, Dickinson; Delta Hotels by Marriott, Fargo