North Dakota Mill reports record profit increase – InForum

BISMARCK – The North Dakota Mill and Elevator Association on Tuesday reported record profits of $20.7 million for fiscal year 2024 – a 20.6% increase from the $17.2 million reported in 2023, according to a news release from the North Dakota Industrial Commission.

North Dakota's Mill in Grand Forks is the largest and only state-owned milling facility in the country. It was established in 1922 and is overseen by the North Dakota Industrial Commission, which includes Governor Doug Burgum, Attorney General Drew Wrigley and Agriculture Commissioner Doug Goehring.

“The state's investment in two new milling units has resulted in a record shipment volume of 17.5 million hundredweights of North Dakota Mill products,” members of the Industry Commission said in a joint statement. “We are grateful for the hard work of the outstanding team at the mill, which has resulted in new records in grain purchases, gross sales, product shipments and profits, all with an exceptional safety record.”

The mill transferred 52.5% of the profit – $9,877,704 – to the state's general fund and $1,039,758 to the fund for the use of agricultural products. The remaining profit will be used for mill operations, according to the press release.

“North Dakota farmers have continued to supply the mill with high-quality spring and durum wheat this year, and we have also seen a 10% increase in shipment volumes. Our dedicated employees have remained focused on delivering consistent, high-quality products while providing a high level of customer service,” said mill President and CEO Vance Taylor in the press release.

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