Advertise in Print | Subscriptions
Published February 22, 2013, 11:42 AM

Investment in SD pulse crop plant shy of required $1.5 million

South Dakota Pulse Processors board of managers president Tom Young says he’s optimistic the company will be able to tell farmers at planting time in April that it will be taking production in the fall.

HARROLD, S.D. — A group planning to build a pulse crop processing plant in Harrold, S.D., is $150,000 shy of raising $1.5 million from investors.

South Dakota Pulse Processors board of managers president Tom Young says he’s optimistic the company will be able to tell farmers at planting time in April that it will be taking production in the fall.

The company’s plan was to raise $1.5 million to $2 million to build the 5,550-square-foot plant in Harrold, in the northeast corner of Hughes County.

Young, an Onida, S.D.-area farmer, says the board is considering financing or investment possibilities as it nears that mark.

Pulse crops such as lentils, field peas and chick peas are well-suited to central South Dakota, where some farmers already include them in crop rotations.

Tags: