North Dakota introduces new yellow potato crop promising economic boost for farmers and state

January 23, 2025 | Agriculture, House of Representatives, Legislative, North Dakota


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North Dakota introduces new yellow potato crop promising economic boost for farmers and state
A groundbreaking new crop variety is set to transform North Dakota's agricultural landscape, as highlighted during a recent House Agriculture meeting on January 23, 2025. The introduction of yellow potatoes, a crop previously nonexistent in the state, promises to open up significant opportunities for local farmers, particularly in dryland farming.

The meeting featured discussions on the economic impact of this new crop, with representatives emphasizing its potential to enhance competitiveness in the agricultural sector. Notably, the yellow potato will cater to different markets, with processors like Simplot targeting food service giants such as McDonald's and Wendy's, while others will package products for retailers like Walmart and Sam's Club.

The economic projections are impressive. According to the Department of Commerce, the project is expected to generate $6.1 million in personal income tax and $649,000 in corporate income tax during its two-year construction phase. Once operational, the project is anticipated to yield $19.2 million in annual sales tax revenue and $813,000 in individual income tax revenue. Remarkably, the initial investment is projected to be recouped within just over two years of operation.

While the discussions were optimistic, questions arose regarding the specifics of sales tax collection on food items, indicating a need for further clarification. Nonetheless, the overall sentiment at the meeting was one of excitement and anticipation for the economic benefits this new crop could bring to North Dakota's agricultural community. As the state prepares for construction to begin in 2026, stakeholders are eager to see how this initiative will reshape the local economy and farming practices.

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Scribe from Workplace AI
Scribe from Workplace AI