Agri Business Loans

To recognize agriculture’s impact on the region’s economic base, REED makes loans to support projects that add value to local agriculture production through innovation, improved services, further processing, or marketing. Loans are not made for traditional production agriculture.

All borrowers are encouraged to integrate energy efficiency in facilities and construction. Purchase of electricity from a REED member cooperative is NOT required to receive financing. For more information, check out Eligibility and Application, for qualifications and to obtain an application.

Project Directory

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Western Consolidated Cooperative (West-Con)

Category:  Agralite, Agriculture, Cooperatives

Western Consolidated Cooperative (West-Con) of Appleton, MN was the recipient of a loan to expand its grain storage facility courtesy of an Agralite Electric Cooperative REED Fund loan. West-Con’s expansion is phase 2 of a multi-year project that added over 2.75 million bushels of storage and expanded its rail loadin...

Providing the Perfect Blend: Mixing Agriculture & Chemistry

Category:  Agriculture, FEM Electric

Prescription Agronomics creates customized fertilizers to help farmers save money Winter is on the way. Dropping temperatures used to mean a slower season for the team at Prescription Agronomics, which creates customized fertilizers for regional farmers. Director of Operations Jon Gilbert explained that the company’s operations used to decrease during wintertim...

West-Con Expansion Builds Capacity, Resiliency

Category:  Agriculture, Agralite, Featured

It’s estimated that independent businesses return an average of three times more money to their communities than their competitor chains. The REED Fund has long been investing in local companies to help build businesses —and ultimately more resilient local economies. Some of REED’s loans support projects that add value to loca...

Dakota Butcher Expands Your Dinner Choices

Category:  Agriculture, Codington Clark Electric, Business, Featured

Local shop enhances quality and increases supply with new smokehouse. It’s amazing what can happen when a business is able to streamline all of its production under one roof. The work is more efficient, challenges that arise are resolved more quickly and it means a higher quality product for the customer...

New Owner Continues Success of Tulare Country Meats

Category:  Agriculture, FEM Electric, Featured

Nathan Genzler got an early start in his career. As a child, he would visit Tulare Country Meats, the butcher shop where his dad worked, after school. When he was about 8 years old, he was told that if he was going to be there, they were going to pu...

Valley Ag Supply, Inc

Category:  Clay Union, Agriculture, Cooperatives

Valley Ag Supply, Inc. sells fertilizer, seed, chemicals and other ag related supplies from its Gayville, SD (population 407) business. REED financing helped the business expand into custom spraying.

Purity Seeds, LLC

Category:  Codington Clark Electric, Agriculture, Cooperatives

Purity Seeds, LLC, a family business located near Raymond, SD (population 69), is growing and packaging whole flaxseed for human consumption.  They offer high quality, clean, whole golden omega flax seed, fresh cold milled flax, and crafted flax.  Purity Seeds has also developed several ready to make mixes using fla...

Dakota Turkey Growers/Dakota Provisions

Category:  Dakota Energy, Agriculture, Cooperatives

Dakota Provisions is a state of the art food production facility that processes and markets fresh turkey and other protein related products located in Huron, SD population 12,592. The business is jointly owned by Hutterite Colonies in North and South Dakota that raise turkeys as part of their diversified farmin...

NCFE Air, LLC

Category:  Dakota Energy, Agriculture, Cooperatives

NCFE Air, LLC provides aerial application services for customers of North Central Farmer’s Elevator. To insure timely application, NCFE felt the need to better schedule aerial spraying for the growing list customers purchasing crop protection services, leading to a joint venture with a local business. REED financing helped construct ...

NCFE Bowdle

Category:  FEM Electric, Agriculture, Cooperatives

North Central Farmer’s Elevator (NCFE) is a full-service grain marketing and farm supply cooperative serving farmer-owners in north central South Dakota. FCFE used financing to increase capacity by constructing a shuttle facility near Bowdle SD, population 502.

NCFE Ipswich Headquarters

Category:  FEM Electric, Agriculture, Cooperatives

FEM Electric assisted North Central Farmer’s Elevator to construct a new office facility in Ipswich. The cooperative has grown from 7 locations to 17 locations and the new office will provide administrative office space necessary to keep pace with the growing cooperative.

NCFE Sun Terminal

Category:  FEM Electric, Agriculture, Cooperatives

FOR IMMEDIATE RELEASE: July 24, 2015 Contact: Stephanie Horst, Director of Communications & Marketing FEM Electric • 605-426-6891 • stephanie@femelectric.coop North Central Farmers Elevator Receives Loan from FEM Electric REED Fund IPSWICH, S.D. — North Central Farmers Elevator (NCFE) has received a loan to expand its agronomy warehouse in Ipswich thanks to FEM Electric. Th...

Tractors and Trucks, LLC

Category:  Lake Region, Cooperatives, Business, Agriculture

WEBSTER, SD, September, 2016 – Lake Region Electric Association’s Rural Electric Economic Development (REED) Fund was recently utilized to help support local agriculture. It is exciting when a need exists in a community and a local business owner can raise the capital and meet the need. That ability is wha...

South Dakota Pulse Processors, LLC

Category:  Oahe, Agriculture, Cooperatives

Oahe Electric’s loan fund, the REED Fund, has issued loans to Pierre Economic Development Corporation (PEDCO) and South Dakota Pulse Processors, LLC (SDPP) to construct a building and purchase equipment to operate a pulse processing plant in Harrold, SD.  The REED Fund partnered with the State of South Dakota t...

Dakota Ethanol, LLC

Category:  Sioux Valley Energy, Agriculture, Cooperatives

Dakota Ethanol is a 50 million gallon per year producer-owned, bio-refinery located in Wentworth , SD. REED financing assisted the company with  purchase and installation of a Corn Oil Extraction system that will be used in conjunction with the ethanol production process.

Western Consolidated Cooperative

Category:  Whetstone Valley, Agriculture, Cooperatives

Western Consolidated Cooperative used a REED loan to aid in the construction of a 1.1 million bushel grain terminal near Twin Brooks SD, population 69. In addition to the enclosed storage there is a 2.2 million bushel piling system connected to the main terminal. There is also a 10,000 bu/h...