8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported): March 1, 2007

South Dakota Soybean Processors, LLC

(Exact name of Registrant as specified in its charter)

South Dakota	000-50253	46-042968
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
100 Caspian Ave. PO Box 500
Volga, South Dakota		57071
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (605) 627-9240

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o         written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o         Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o         Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o         Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01   Regulation FD Disclosure.

South Dakota Soybean Processors, LLC’s Board of Managers recently approved a distribution to its members of $0.21 per unit or a total of $6.4 million.  A copy of a letter announcing the distribution is attached to this report as Exhibit 99.1.

 The information furnished under this Item 7.01, including the exhibit, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by reference to such filing.

Cautionary Statement for Purposes of the “Safe Harbor” Provisions of the Private Securities Litigation Reform Act of 1995:

The matters discussed in this report on Form 8-K and exhibit thereto, when not historical matters, are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially from projected results. Such factors are described from time to time in the registrant’s filings with the Securities and Exchange Commission.  Many of these factors are beyond the registrant’s ability to control or predict. The registrant disclaims any intent or obligation to update its forward-looking statements, whether as a result of receiving new information, the occurrence of future events, or otherwise.

Item 9.01   Financial Statements and Exhibits.

(d)  Exhibits. The following exhibits are filed with this report:

99.1     Letter to registrant’s members dated March 1, 2007.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SOUTH DAKOTA SOYBEAN PROCESSORS, LLC
Dated:March 1, 2007	By:	/s/ Rodney Christianson
	Rodney Christianson, Chief Executive Officer

EX-99.1

Exhibit 99.1

Name

Address

City, State ZIP

Dear Fellow SDSP Member,

On behalf of the Board of Managers of South Dakota Soybean Processors (“SDSP”), I am pleased to announce the distribution of $6.4 million in 2006 earnings.  Your portion of this amount is shown below.

After a tough couple of years previously, Fiscal Year 2006 has been one of our more prosperous years for crushing soybeans.  We generated consolidated net income of approximately $7.65 million or approximately $0.25 per unit.  The distribution represents a return of approximately $0.21 per unit or 84% of consolidated net income.

2006 Cash Distribution                        $ XX,XXX

Since our 1996 inception, SDSP has returned to its members 78% of its consolidated net income or more than $33.3 million.  During this time period, one original unit has been split on two separate occasions and is now equal to three (3) units.

SDSP is carefully pursuing strategies to add value to your investment in the soybean industry.  We continue to explore our options in the renewable fuels industry and wish to proceed in a manner that is in the best long-term interest of you, the investor.  Our investment in renewable polyurethane products (USSC) has recently experienced new developments within the auto industry, and we are optimistic that our efforts will pay off in the near future.

Thank you for your support of SDSP and value added agriculture.

Sincerely,

SOUTH DAKOTA SOYBEAN PROCESSORS, LLC

Bryce Loomis,

President, Board of Managers

Statements made in this letter about South Dakota Soybean Processors, LLC, other than statements of historical fact, are forward-looking statements, and are subject to a number of uncertainties that could cause actual results to differ materially from the statements made.

P.O. Box 500 ∙ 100 Caspian Avenue, Volga, SD 57071 ∙ Phone 605-627-9240 FAX 605-627-5869

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