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State Mill turns a profit, despite COVID-19

Jul 31, 2020

The state Mill and Elevator in Grand Forks had a profitable fiscal year, despite the challenges of COVID-19.

Mill Manager Vance Taylor reported the fourth quarter profits at $1,412,000 – up slightly from last year’s $1,401,000.

"For the full fiscal year 2020, we had profits of $11,418,000," Taylor told the state Industrial Commission. "That's versus profits of $10,622,000 last year -- an increase of 7.5%"

Mill profits 'good,' despite some challenges

May 1, 2019

The manager of the state-owned Mill and Elevator in Grand Forks said the third quarter of fiscal 2019 was good – despite some challenges.

"We were knocked back on our volume a little bit by the tough weather we had," said Vance Taylor. "Our volume is down by about 3%."

Despite that, Taylor said the mill made $2.2 million in that quarter.

For the fiscal year to date, the mill reports $9.2 million in profits. That’s down slightly from the same time in the previous fiscal year, when profits were about $10 million.

Mill reports record profits in FY 2018

Jul 29, 2018

The state Mill and Elevator had record profits in fiscal 2018.

The mill made $14.2 million. That’s a 46 percent increase over the profit in fiscal 2017, which was $9.7 million.

The mill transferred just over $10 million in profits to the state’s general fund. In addition, it transferred just under $710,000 to the Agricultural Products Utilization Fund.

At a stete Industrial Commission meeting, Gov. Doug Burgum congratulated Mill President and CEO Vance Taylor for the successful year.