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): August 1, 2008

GRANITE FALLS ENERGY, LLC
(Exact name of registrant 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 7.01 Regulation FD Disclosure

On August 1, 2008, Granite Falls Energy, LLC (“GFE”) announced the settlement of the dispute with Glacial Lakes Energy, LLC regarding the termination of the Operating and Management Agreement between the two parties. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

This Report on Form 8-K is being furnished pursuant to Item 7.01 Regulation FD Disclosure. The information furnished is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits

(a) None.

(b) None.

(c) None.

(d) Exhibits

Exhibit No.	Description
99.1	Press Release dated August 1, 2008.

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
August 4, 2008	/s/ Stacie Schuler
Date	Stacie Schuler, Chief Financial Officer

2

EX-99.1

Exhibit 99.1

PRESS RELEASE

Friday, August 1, 2008

Today, Glacial Lakes Energy, LLC and Granite Falls Energy, LLC announced that they have settled their dispute over the termination of the Operating and Management Agreement between the two parties under which Glacial Lakes had provided construction and operations management services to Granite Falls. Representatives from both Glacial Lakes and Granite Falls expressed their satisfaction with the settlement.

Paul Enstad, Chairman of the Granite Falls Board of Governors, and Jon T. Anderson, President of the Glacial Lakes Board of Directors, said the settlement ends the costs and expenses associated with litigating the termination of the Management Agreement and will allow both companies to move forward with their respective businesses. The settlement does not affect Glacial Lake’s ownership of approximately 20.9% of Granite Falls or its right to appoint two board members to the Granite Falls Board of Governors – circumstances which were not in dispute in the litigation.

Glacial Lakes Energy is owned by Glacial Lakes Corn Processors, a South Dakota cooperative comprised of approximately 4,000 members from South Dakota and Minnesota. Glacial Lakes Energy owns and operates corn-based ethanol facilities in Watertown, South Dakota and Mina, South Dakota, and provides construction and management services to other corn-based ethanol plants and projects in South Dakota and Minnesota.

Granite Falls Energy has over 900 investors, and owns and operates a corn-based ethanol facility located in Granite Falls, Minnesota. Granite Falls Energy has produced ethanol since 2005.