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North Dakota Mill and Elevator requests budget boosts to expand capacity, urges keeping General Fund transfer at 50%
Summary
The North Dakota Mill and Elevator told the Appropriations - Education and Environment Division it seeks additional operating and capital funding to support added milling capacity, while asking lawmakers not to raise the portion of profits transferred to the General Fund above the current policy of returning 50% of remaining profits.
Vance Taylor, president and CEO of the North Dakota Mill and Elevator, told the Appropriations - Education and Environment Division on Jan. 15, 2025, that the state-owned milling complex is seeking additional operating and capital flexibility to support planned capacity increases and to complete a $56,000,000 mid‑storage and handling (MIDS) project scheduled for March 2025.
Taylor said the mill returned record profits of “over $20,000,000” in fiscal 2024, transferred about $9,800,000 to the General Fund and just over $1,000,000 to the Ag Products Utilization Fund (APUF), and expects sales and production targets of roughly 19,500,000 hundredweights in future years. “We currently transfer 5% of our profits to the Ag Products Utilization Fund, and 50% of the remaining profits to the General Fund,” Taylor said.
The mill, located in Grand Forks, described itself as the largest single‑site wheat flour mill in the state and among the largest in the…
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