SOUTH DAKOTA SOYBEAN PROCESSORS LLC

We conduct our operations principally at three facilities located in South Dakota, including Volga, Miller, and Mitchell.

At our Volga facility, we own the land, consisting of 98 acres on which most of our infrastructure and physical properties rest. Our facilities consist of a soybean processing plant, a soybean oil refinery and deodorizer, a quality control laboratory, and administrative and operations buildings.

At our Miller facility, we own the land, consisting of approximately 24 acres, on which our soybean processing plant and operations building are situated.

At our Mitchell facility, we indirectly own approximately 296 acres of land through our subsidiaries. During the fourth quarter of 2025, the Company completed construction of the Mitchell facility and commenced operations. The site includes an oilseed processing plant, oil refinery and deodorizer, operations and administrative building, and rail loop tracks.

All of our tangible property, real and personal, serves as collateral for our debt instruments with our primary lender, CoBank, ACB, of Greenwood Village, Colorado, which is described below under “Item 7—Management’s Discussion and Analysis of Financial Condition and Results of Operation—Indebtedness.”