Profits at North Dakota's state-owned flour mill fell by half during its last budget year.
BISMARCK, N.D. (AP) - Profits at North Dakota's state-owned flour mill fell by half during its last budget year.
The mill's manager says the $8 million profit is still one of the best in the history of the mill.
The mill has been grappling with wheat price increases, and flour demand has risen only slightly.
Gov. Jack Dalrymple is chairman of the North Dakota Industrial Commission, which is the mill's board of directors.
He says flour milling is a cyclical business, and he's not concerned about the profit drop.
The mill reported an $8 million profit during the year that ended June 30.
It made just over $16 million during its 2011 budget year.