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

Longtime Mitchell High School Teacher Roger Allen Passes Away

Roger Allen

He died in Sioux Falls under hospice care on Friday.

in Local

Senate Candidates Hold Debate In Vermillion

capitol building

Topics included the EB-5 program, Congressional gridlock, and immigration reform.

in Local

South Dakota Voters To Decide On Deadwood Gambling Expansion

slots

Supporters say the new games would attract younger players.

in Local

MTI Foundation Receives Record-Setting Gift

MTI campus

Earl Nordby of Huron and his family donated $1 million dollars to the school.