8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): July 12, 2006

GRANITE FALLS ENERGY, LLC

(Exact name of small business issuer as specified in its charter)

Minnesota
(State or other jurisdiction of
incorporation or organization) 000-51277
(Commission File Number) 41-1997390
(I.R.S. Employer Identification No.)

15045 Highway 23 SE
Granite Falls, MN 56241-0216
(Address of principal executive offices)

(320) 564-3100
(Issuer’s telephone number)

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 (see General Instruction A.2. below):

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 2.02 Results of Operations and Financial Condition and Item 7.01 Regulation FD Disclosure

     On July 10, 2006, the Board of Governors of Granite Falls Energy, LLC (the “Company”) voted to make a cash distribution of $320.96 per membership unit for a total distribution of $9,999,829.76 to its unit holders of record as of June 30, 2006. The cash distribution is subject to approval by the Company’s primary lender, First National Bank of Omaha (the “Bank”). If the distribution is approved by the Bank, the Company expects the distribution to be made on or about August 1, 2006.

     An announcement describing this distribution will be posted on the Company’s website on July 12, 2006, and is attached hereto as Exhibit 99.1. Pursuant to the rules and regulations of the Securities and Exchange Commission, such exhibit and the information set forth therein and herein shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

     (a) None.

     (b) None.

     (c) Exhibits

Exhibit No.	Description
99.1	Distribution Announcement dated July 12, 2006

SIGNATURES

     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.

	GRANITE FALLS ENERGY, LLC
Date: July 12, 2006	/s/ Michael Nealon
	Michael Nealon, Chief Financial Officer

EX-99.1

[GRANITE FALLS ENERGY LETTERHEAD]

July 12, 2006

Dear Granite Falls Energy Members:

On July 10, 2006, the Board of Governors of Granite Falls Energy, LLC (the “Company”) voted to make a cash distribution of $320.96 per membership unit for a total distribution of $9,999,829.76 to its unit holders of record as of June 30, 2006. The cash distribution is subject to approval by the Company’s primary lender, First National Bank of Omaha (the “Bank”). If the distribution is approved by the Bank, the Company expects the distribution to be made by August 1, 2006.

Please note that the amount of any cash distribution made by the Company to its members is not the same as a member’s allocation of taxable income for the current fiscal year. A Form K-1 for the fiscal year ending October 31, 2006, will be mailed to each unit holder at a later date and will report taxable income and income tax credits derived from the Company.