Dec 09, 2021

North Dakota Mill and Elevator Posts Profit

Profit was $2 million higher than it was in the 2020 fiscal year

The North Dakota State Mill and Elevator in Grand Forks, North Dakota, had a profit of $13.46 million in the fiscal year that ended June 30, 2021, $2 million higher than it was in the 2020 fiscal year and the fourth highest on record, Vance Taylor, North Dakota Mill and Elevator CEO, told AgWeek.

The mill and elevator had gross sales of $339.1 million and shipped a total of 15.78 million hundredweight of flour during the 2020-2021 fiscal year, he said.

The company's operations provided more than $250.76 million to the region’s economy and another $581.8 million in secondary economic activity, bringing the total economic impact to more than $883.5 million, according to the audit report of the North Dakota State Mill and Elevator by North Dakota State Auditor Josh Gallion for the year ended June 30, 2021.

In the first quarter of the new fiscal year, which began on July 1, 2021, and ended Sept. 30, 2021, the North Dakota State Mill and Elevator had profits of $3.35 million, 2.2% higher than the same quarter of the previous fiscal year, the company reported at the Nov. 29, 2021, North Dakota Industrial Commission meeting.

The North Dakota Mill and Elevator is said to be the largest flour mill in the United States.

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