The Senate Agriculture and Veterans Affairs Committee in North Dakota unanimously recommended a $30 million incentive program for large agricultural developments, with the Agristo potato processing facility in mind. The proposed program would provide Agristo with a $30 million state grant, to be paid in two parts based on project milestones. The program is funded by the Bank of North Dakota and supported by the city of Grand Forks, which also offers a tax incentive. The development is expected to attract job-seekers and boost the potato industry in North Dakota. According to North Dakota Seed Commissioner Ken Bertsch, the Agristo project could lead to significant growth in the seed potato industry and benefit the state’s agriculture sector. The development is seen as a positive development for the region and a boost to the economy. If approved, the project could bring back an agricultural crop that has lost market share in recent years. Overall, the Agristo project is expected to have a positive impact on the local economy and agriculture industry.
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