FEM Electric Loans

Bowdle Hospital/Community Center

Category: FEM Electric, Healthcare, Cooperatives

The city of Bowdle, population 502, received a loan to construct an addition that connects the city-owned hospital and the nursing care center. The addition enabled shared services and new services, such as a wellness center and community room.
Building Infrastructure for a Thriving Community

Category: FEM Electric, Community

Public gathering places play a vital role in the social life of a community. Community centers help cultivate relationships and a sense of belonging. Publicly owned recreational amenities like parks and gymnasiums take it a step further, enabling residents to reap the additional mind and body benefits of getting physical.Unfortunately,...
Eureka Hospital

Category: FEM Electric, Healthcare

Eureka Hospital Receives Loan from FEM Electric Association’s REED Fund The Eureka Hospital was recently awarded financing in August of 2018 when FEM Electric issued a Rural Electric Economic Development, or REED, loan and a USDA REDG loan to the Eureka Hospital for equipment to expand the services provided to members...
Faulk County Jail

Category: FEM Electric, Community

FEM Electric Association, Inc. (FEM), an electric distribution cooperative in Faulk, Edmunds and McPherson Counties of South Dakota, assisted with financing the Faulk County Jail expansion located in Faulkton, SD.  A new 35-bed Jail and Sheriff’s Office, meeting minimum American Correctional Association standards was constructed adjacent to the existing Faulk...
Faulkton Area Development Corporation, Inc.

Category: FEM Electric, Infrastructure, Cooperatives

Faulkton Area Economic Development Corporation (FAEDC)  is establishing a new industrial park in this community of 740. Loan proceeds were combined with funding from the Governor’s Office of Economic Development, to purchase land and add infrastructure (water, sewer, roads and approaches) to the property and create 11 sites for sale/lease to...
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...
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 put...
Providing the Perfect Blend: Mixing Agriculture & Chemistry

Category: Agriculture, FEM Electric

Prescription Agronomics, now Agtegra, 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...
The Infrastructure to Attract Industry

Category: FEM Electric, Business

Industrial parks are a valuable recruitment tool. But acquiring a large property and establishing the requisite infrastructure to attract companies is a major undertaking, particularly for a rural area.   The people of Faulkton, South Dakota have long prioritized economic development. According to Trevor Cramer, economic development...