High Plains Processing has announced plans for a new multi-seed processing plant near Mitchell.
Davison County Commissioners unanimously approved a $21 million financing plan for the project.
Over the next two years, High Plains Processing plans to invest over $500 million in Davidson County and across the state.
The company said the new processing plant will employ an estimated 85 full-time employees and an annual payroll of approximately $5.5 million.
High Plains Processing is part of the South Dakota Soybean Processors, LLC organization.
“South Dakota Soybean Processors is excited to see High Plains Processing continue to provide wide ranging benefits to producers and communities across the state,” said Tom Kersting, CEO of South Dakota Soybean Processors. “This plant represents the next chapter for South Dakota Soybean Processors, and it could not happen without the great support from local investors, producers, county officials, and the State of South Dakota."
The Governor’s Office of Economic Development said they are excited for the expansion and appreciates the forward push the company brings agriculture throughout the state.
