Local

Northern Beef Packers To Be Sold At Auction

Northern Beef Packers To Be Sold At Auction

SIOUX FALLS, S.D. (AP) — Potential buyers of an idled, bankrupt South Dakota beef plant have until Friday to apply to become qualified bidders for the upcoming auction.

A minimum bid of $12.75 million was set for Northern Beef Packers — a fraction of the roughly $115 million invested on the plant and equipment.

The sale includes the Aberdeen plant’s property, fixtures, improvements, machinery, equipment and supplies.

The U.S. Bankruptcy Court will determine which applicants can participate in the Dec. 5 auction at the federal courthouse in Sioux Falls. An investment banking firm working with Northern Beef, White Oak Global Advisors, is automatically deemed a qualified bidder.

Northern Beef opened on a limited basis in 2012 after years of delays but closed after it didn’t have enough money to buy cattle for slaughter.

Recent Headlines

in Local

Koch Files Suit Against Mayor And City Of Mitchell

corn palace

Koch was hired to be the new director of the Corn Palace last fall.

in Local

Daugaard Requests Presidential Disaster Declaration From May 10 Storm

SD sign

South Dakota last received an individual assistance declaration in 2011.

in Local

Murder Suspect From North Carolina Arrested In Watertown

police 1

Antonio Currie, 42, is currently in the Codington County Jail.

in Local

Bosworth Found Guilty On All Counts

courtroom

A South Dakota jury returned its verdict on Wednesday.