Bongards Creameries – Perham MN

PERHAM, MINNESOTA – Rural Development Partners (RDP) was pleased to award Bongards Creameries $20 million in New Markets Tax Credit financing for equipment toward the expansion of their cheese and whey processing facility in Perham, Minnesota. The funding will allow Bongards to increase production capacity, improve efficiency & quality, and increase milk purchases while improving outcomes for regional farmers. The …

Watonwon Farm Service Cooperative

Delavan, MN – Watonwan Farm Service (“WFS”) is a farmer-owned cooperative in Minnesota, serving more than 4,000 producers in southern Minnesota and northern Iowa. In addition to its grain marketing services, WFS offers fertilizer, crop chemicals, seed, livestock feed, petroleum products, and production financing. WFS used $20 million in NMTC allocation to help finance the construction of a new grain …

Minnesota Dairy Processing

The decision to rebuild a dairy processing plant in Minnesota would not have been possible without New Markets Tax Credits from Rural Development Partners. This particular plant was 100% owned by a cooperative of more than 5,000 rural residents, many of whom reside in LICs across seven states. The plant acquired milk from dairy farmers in Minnesota, Iowa, and North …