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EDA Invests $3.2 Million to Boost Grand Forks Agricultural Processing

The U.S. Economic Development Administration (EDA) announced a $3.2 million grant to Grand Forks to accommodate the expansion of a soybean processing facility and allow for new industrial development in the area. This award will be matched with $798,342 in local funds.

“North Dakota is an agriculture powerhouse, and our commodities rely on infrastructure networks to get our products to market,” said U.S. Senator Kevin Cramer (R-ND). “This project adds value to the Grand Forks community, helping to improve the movement and processing of soybeans in the region, while boosting economic growth.”

Source : senate.gov

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Joining Bryce from the Nebraska Ag Expo was Risk Management Consultant, Matt Wiegand and Ross Baldwin with AgMarket.net to get an in depth look at what's happening and what's next in the grain and cattle markets. Here is their conversation from Wednesday.