8-K

UNITED STATES
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): December 14, 2007

GRANITE FALLS ENERGY, LLC
(Exact name of small business issuer as specified in its charter)

Minnesota	000-51277	41-1997390
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

15045 Highway 23 SE, Granite Falls, MN	56241-0216
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (320) 564-3100

(Former name or former address if changed since last report.)

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 2.02 Results of Operations and Financial Condition.

On December 14, 2007, Granite Falls Energy, LLC (the “Company”) sent a letter to its members announcing its estimate of tax liability of members for its fiscal year ended October 31, 2007. Also, due to the change in the Company’s tax year end from October 31 to a calendar year ending December 31, the letter announces the Company’s estimate of members’ tax liability for the two month period from November 1 to December 31. A copy of this letter is furnished as Exhibit 99.1 to this report.

Item 9.01 Financial Statements and Exhibits

(a) None.

(b) None.

(c) None.

(d)

Exhibit No.	Description
99.1	Letter to the Members of the Company dated December 14, 2007.

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: December 14, 2007

/s/ Stacie Schuler                                       
Stacie Schuler, Chief Financial Officer

EX-99.1

Exhibit 99.1

GRANITE FALLS ENERGY, LLC
15045 HIGHWAY 23 SE • P.O. BOX 216 • GRANITE FALLS, MN • 56241-0216
PHONE: 320/564-3100 • FAX: 320/564-3190

December 14, 2007

Dear Member,

Granite Falls Energy, LLC (GFE) is a Limited Liability Company (LLC) taxed as a partnership, which means the income or loss of the company flows through to the individual owners of membership interests in proportion to their ownership interest. These amounts are reported to members on K-1 forms which will be mailed in the first half of February. The portion of company income or loss reflected on your K-1 forms must be reported on your personal individual income tax return. As you may be aware, GFE is changing its tax year from a fiscal year ending October 31 to the calendar year ending December 31. As a result of this change, you will be receiving two K-1 forms from GFE for 2007.

Since we are aware that the income or loss reported to you could impact your tax planning and other financial decisions prior to year end, we are providing this ESTIMATE of company taxable income for the fiscal year ending October 31, 2007 and the two month short period from November 1, 2007 to December 31, 2007. This ESTIMATE is not a guarantee of future results; it is only our prediction and involves numerous assumptions, risks and uncertainties*. Our actual results may differ.

TAXABLE INCOME:
Based on our preliminary financial results, we anticipate you may have approximately $545 per membership unit (full year owners) of taxable income reported to you on your K-1 form for the 12-month fiscal year ending October 31, 2007, and approximately $65 per membership unit on your K-1 form for the two-month short period from November 1, 2007 to December 31, 2007. If you owned your membership units or a portion of them for less than the entire fiscal year, your share of company income or loss will be pro-rated to show the amount for the portion of our fiscal year that you owned the units. Your K-1s will reflect any pro-ration based on a change in your unit ownership.

TAX CREDITS:
Your K-1 will also allocate to you your share of federal and state tax credits. We estimate this to be approximately $48 per unit for the 12-month fiscal year ending October 31, 2007, and approximately $8 per unit for the two month short period from November 1, 2007 to December 31, 2007.

We recommend you consult your tax advisor regarding this tax memo and any implications it may have on your individual tax and financial situation.

This ESTIMATE of taxable income allocation does NOT represent the amount of the cash distribution you can expect.
We have capital requirements, operational expenses and loan covenants that limit the amount of cash that will be available for distribution to members.

Sincerely,

Stacie Schuler
Chief Financial Officer

* This memo contains forward-looking statements that involve future events, our future performance and our expected future operations and actions. In some cases you can identify forward-looking statements by the use of words such as “may,” “should,” “anticipate,” “believe,” “expect,” “will,” “plan,” “future,” “intend,” “could,” “estimate,” “predict,” “hope,” “potential,” “continue,” or the negative of these terms or other similar expressions. These forward-looking statements are only our predictions and involve numerous assumptions, risks and uncertainties. Our actual results or actions may differ materially from these forward-looking statements for many reasons, including the following factors identified in our quarterly reports.

We are not under any duty to update the forward-looking statements contained in this memo. We cannot guarantee future results, levels of activity, performance or achievements. We caution you not to put undue reliance on any forward looking statements, which speak only as of the date of this memo. We qualify all of our forward-looking statements by these cautionary statements.