Two South Dakota agri-business projects get state’s financial backing

Thursday, March 26, 2020

PIERRE, S.D. (KELO) — The state Value Added Finance Authority unanimously agreed to provide financing for two agricultural projects planned in South Dakota.

Both developments meet eligibility criteria, according to Terri LaBrie, the program’s administrator in the Governor’s Office of Economic Development.

Riverview LLP, of Morris Minnesota, applied for up to $25 million in state-backed livestock nutrient management bonds for the solid waste disposal portion of an 11,000-cow dairy the business proposes to build in Clark County near Raymond. The project is similar to a Riverview dairy project in Hamlin County.

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