South Dakota receives $12.7M in grants from USDA meat and poultry program
Three South Dakota organizations are receiving a large chunk of change from the U.S. Department of Agriculture as part of their efforts to spur competition in the meat and poultry industries nationwide.
On Wednesday, USDA Secretary Tom Vilsack announced the Biden administration is investing $223 million in grants and loans to 33 projects across the country. USDA's investments in South Dakota come from their Meat and Poultry Intermediary Lending Program and Meat and Poultry Processing Expansion Program.
According to USDA's Rural Development Food Systems Transformations chart, GROW South Dakota, which is based in Sisseton, received $8,125,000 to assist approximately 16 meat and/or poultry processors in the state. The non-profit will be able to use the funds to provide average loans of $500,000 per business to develop benefiting processors.
District III, a voluntary association of county, municipal and tribal governments, received $2,375,000 to create value-added agriculture alternative opportunities in the 15-county region it represents.
The multi-million dollar investment also allocates more than $2.2 million to North Prairie Butchery LLC, a proposed small beef and pork combination plant, which is associated with Faulkton rancher Troy Hadrick, according to state business filings.
The announcements follow Vilsack's visit to Omaha, Nebraska, where he's expected to tour Greater Omaha Packing Co. to promote the funding initiative.