Local

Aberdeen Development Corporation Not Involved In EB 5 With Northern Beef

Aberdeen Development Corporation Not Involved In EB 5 With Northern Beef

Federal authorities are investigating the financial dealings of the bankrupt Northern Beef Packing plant and the federal EB 5 immigrant investment program that supplied much of its funding. Aberdeen Development Corporation Executive Vice President Jim Barringer says his group which worked to get the beef plant in Aberdeen was not involved in the Eb 5 program.

Barringer says to his understanding, the beef plant did have foreign investors that investigators are likely looking at.

He says his group is hopeful that the bankrupt plant’s facility will eventually be sold to a new company and there has been interest shown by a group outside the state.

Recent Headlines

2 hours ago in Agriculture

USDA Report Neutral Except for Global Wheat Stocks

Fresh
USDA color logo- approved

USDA’s February Supply and Demand Report was relatively neutral. U.S. ending stocks on corn came in at 1.837 billion bushels,…

6 hours ago in Agriculture

EWG Report Shows Voluntary Conservation Efforts Not Working

fall by the water

An Environmental Working Group report says the voluntary approach to conservation efforts to cut pollution from farm fields isn’t working.…

6 hours ago in Agriculture

SD GOED Gets Ethanol Grant from USDA

Blender Pump

South Dakota is getting some help to promote increased ethanol usage in the state. That’s due in part to a…

6 hours ago in Agriculture

SB 98 Debate Looks at Changes to Family Farm Act

pigs1

Thursday, the South Dakota Senate Agriculture and Natural Resources Committee will take testimony on Senate Bill 98. The measure would…

6 hours ago in Agriculture

USDA Considering Changes in Biotechnology Regulations

USDA color logo- approved

USDA is seeking public comment on whether the agency should draw up new rules to regulate biotechnology products. This comes…