Golden Waves Grain Announces Strategic Investment From The Foote Family To Advance $200M Goodland Milling & Bakery Project

Golden Waves Grain, LLC (“GWG”) today announced that the Foote Family, which owns and operates a number of agricultural companies throughout the region, including five cattle feedyards in Northwest Kansas and Southwest Nebraska, has made a significant strategic investment in the company, marking a major milestone in the development of GWG’s planned grain mill and commercial bakery campus in Goodland, Kansas that will have a positive impact on the entire tri-state region.

“We believe strongly in the Golden Waves Grain vision and the positive impact it will have on Goodland, Northwest Kansas, and the tri-state region,” said Scott Foote, who owns and operates the Foote Family of Companies with his brothers, Brad and Greg. “Projects like this help ensure that rural communities remain strong, competitive, and economically vibrant for generations to come. We are proud to support this next phase of development.”

The Golden Waves Grain project represents a $200M capital investment and is expected to create approximately 141 full-time jobs in northwest Kansas. The integrated facility will include a state-of-the-art grain milling operation and a large-scale commercial bakery, designed to add value to regional grain production while strengthening domestic food supply chains.

The project has strong support from the Kansas Department of Commerce, which recently awarded the Company its 2025 Agribusiness Award for Northwest Kansas.

The investment will allow Golden Waves Grain to complete a comprehensive design for the project. In partnership with Hutton Design+Build, GWG has oƯicially begun process engineering and building design. This phase will deliver a complete set of construction-ready plans, moving the project significantly closer to final development and construction. Milling equipment will be sourced from Kice Industries in Park City, Kansas, and baking equipment will be purchased from Coperion in Sabetha, Kansas.

Significant Impact for Goodland and Sherman County
Once operational, the Golden Waves Grain facility is expected to serve as a major economic anchor for Goodland and Sherman County, bringing long-term employment opportunities, workforce development, and increased economic activity to the region. In addition to direct jobs, the project is anticipated to generate substantial indirect and induced economic benefits, including demand for local services, transportation, utilities, maintenance, and agricultural inputs.

The project will also create new, stable markets for regional grain producers, helping keep agricultural value closer to the farm while supporting multigenerational farming operations throughout northwest Kansas. Local leaders anticipate that the scale of the investment will help retain and attract families, strengthen the tax base, and support future community growth.

“This investment is a critical step forward not only for Golden Waves Grain, but for Goodland and Kansas as a whole,” said Tony Adams, Chairman and President of Golden Waves Grain, LLC. “This project is about more than a facility. It’s about creating high-quality jobs, supporting local farmers, and building a sustainable economic future for this community. The Foote Family shares that long-term commitment to rural Kansas.”

The Foote Family’s investment reflects a strategic alignment around agricultural innovation, rural prosperity, and vertically integrated food production. Golden Waves Grain was assisted in this transaction by Ascendant Partners, Inc.

The Foote Family also owns and operates Outdoor Bank, which has been a critical partner for Golden Waves Grain, and further demonstrates the Foote Family’s belief in this project and its importance to Northwest Kansas. Outdoor Bank will continue supporting this project with its best-in-class treasury management and banking services.

“The Golden Waves Grain project represents the type of long-term, high-impact investment that communities like Goodland work hard to attract,” said Kent Brown, City Manager of Goodland. “A $200M project creating 141 quality jobs will have a meaningful and lasting impact on our local economy, workforce, and tax base. We appreciate Golden Waves Grain’s commitment to Goodland and Sherman County and are encouraged by the progress being made as the project advances into the engineering and planning phase.”

The Goodland facility is expected to serve both regional and national markets and will position northwest Kansas as a hub for grain processing and commercial baking. Additional project milestones, partnerships, and development timelines will be announced as engineering and planning work progresses.