North Dakota Farmers Union President Mark Watne says NDFU doubled its assets in the last eight years. That growth is due, in part, to insurance and the Founding Farmer restaurants, but also the demand for protein. “Farmers Union Industries, the group of five states including North Dakota, Minnesota and South Dakota, all share in those earnings. We have equal ownership of the vast majority of the company and the Central Bi-Products rendering plant.” NDFU is also tracking value-added agriculture opportunities in North Dakota. At this time, Watne says there are five soybean crush facilities being considered in the Dakotas and Minnesota. He believes renewable diesel will be an important market in the future. “Soybeans will lead and then, canola and sunflower products can be used. This will be the next demand carrier.”
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