April 16, 2004
April 16, 2004 -- Over the next year, South Dakota Ag Producer Ventures (SDAPV) plans to buy a lamb processing company based in California and move it to Corsica, S.D.
Chief executive officer of SDAPV, Joel Dykstra, spoke about the creation of Great Plains Lamb and Veal at a Farmers Union meeting in Beresford. The venture group has plans to process 600 head of lamb per day and 350 head of veal per day.
SDAPV will buy the company in two phases for $3 million. They plan to hold an initial offering until June 1 to raise money to buy the company. After the purchase, a public offering in early 2005 will be held to offer shares to a wider group of investors.