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North Dakota Mill and Elevator profits grow record 17%

State-owned facility in Grand Forks reported $5.9 million in profits during the fourth quarter.

North Dakota Mill Elevator Logo

The state-owned North Dakota Mill and Elevator in Grand Forks has reported $5.9 million in profits. 

According to reports, for the full fiscal year, the mill made $17.2 million, compared to $14.7 million in fiscal 2022, a 17% increase and new record for the operation.

Fourth quarter sales were $125,978,000, compared to $139,409,000 in 2022.

Mill manager Vance Taylor said profits are driven by increased shipment volumes and market volatility.

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