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)  March 9, 2007

MGP Ingredients, Inc.

(Exact name of registrant as specified in its charter)

KANSAS	0-17196	48-0531200
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1300 Main Street Box 130 Atchison, Kansas  66002

(Address of principal executive offices)  (Zip Code)

(913) 367-1480

(Registrant’s telephone number, including area code)

Not Applicable

(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 (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 7.01               Regulation FD Disclosure.

Attached as Exhibit 99.1, and incorporated into this Item 7.01 by reference, is a  press  release  issued on March 9, 2007 by the Company relating to a dividend on the common stock declared by the Board of Directors.

Item 9.01               Exhibits.

(d)  Exhibits

99.1         Press Release relating to dividends dated March 9, 2007, furnished solely for the purpose of incorporation by reference into Item 7.01 and 9.01.

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.

	MGP INGREDIENTS, INC.
Date: March 9, 2007	By: /s/ Laidacker M. Seaberg
	Laidacker M. Seaberg
	Chairman of the Board and Chief Executive Officer

INDEX TO EXHIBITS

99.1         Press Release relating to dividends dated March 9, 2007, furnished solely for the purpose of incorporation by reference into Item 7.01 and 9.01.

EX-99.1

Exhibit 99.1

Contact:  Steve Pickman or Marta Myers

913-367-1480

FOR IMMEDIATE RELEASE:  MGP INGREDIENTS BOARD

DECLARES DIVIDEND

ATCHISON, Kan., March 9, 2007—The Board of Directors of MGP Ingredients, Inc. (Nasdaq/MGPI) today declared a semi-annual dividend of 10 cents ($0.10) per share on the company’s common stock.  The dividend is payable on April 16, 2007 to stockholders of record as of April 2, 2007.

“Approval of this semi-annual dividend is reflective of the company’s strong financial position and our optimism about our long-term growth capabilities,” said Board Chairman and Chief Executive Officer Ladd Seaberg.

In business since 1941, MGP Ingredients is an innovative pioneer in the development and production of natural grain-based products, including specialty and commodity proteins and starches and food grade and fuel grade alcohol.  The company operates facilities in Atchison, Kansas City and Onaga, Kan., and Pekin, Ill.

###