Medicine Co. Bank of Granite Falls and Corn Energy Investors. The plant, which sits on 22.5 acres, was designed to facilitate expansion. Kolsrud expects that within five years, volume will double to 25-30 million gallons of ethanol per year. By being environmentally friendly, we're seeing a lot more interest and growth in our larger populated states, especially where air and water quality are being compromised. We have learned that there are a lot of government programs already in place that will help producers if they have a project that makes sense.
Necessity usually is the mother of consolidation.
At least it was for two South Dakota grain cooperatives. And without more competitive access to distant markets, the future looked dim for the two co-ops. Together, however, they found a solution. In 1997, Farmers Elevator Co. of Elk Point, S.D., and Farmers Elevator Co. of Jefferson, S.D., terminated their operations and consolidated into Southeast Farmers Elevator Cooperative. The new co-op's balance sheet then showed enough financial strength to make the new grain terminal achievable.