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EDA Invests $3.2 Million to Boost Grand Forks Agricultural Processing

The U.S. Economic Development Administration (EDA) announced a $3.2 million grant to Grand Forks to accommodate the expansion of a soybean processing facility and allow for new industrial development in the area. This award will be matched with $798,342 in local funds.

“North Dakota is an agriculture powerhouse, and our commodities rely on infrastructure networks to get our products to market,” said U.S. Senator Kevin Cramer (R-ND). “This project adds value to the Grand Forks community, helping to improve the movement and processing of soybeans in the region, while boosting economic growth.”

Source : senate.gov

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????? Oil spikes on tensions: Crude climbed over 3% near $96 as Iran keeps the Strait of Hormuz restricted, while fragile ceasefires keep geopolitical risk elevated. ???? Pulses gain favor: Farmers are shifting to peas and lentils as a rare profit opportunity, driven by strong protein demand and lower input costs.

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