MBFC is proud to announce that the U.S. Small Business Administration has named Reichmann Cattle Company in Glenwood, MN as SBA’s Minnesota Family-Owned Small Business of the Year!

The Reichmann family has been part of Minnesota’s agricultural community for over five decades. Founded by Curt and Sharon Reichmann in 1970, the family farm has evolved from a dairy operation into a thriving grain and feeder cattle business. Today, their sons, Dean and Tony, oversee the daily operations of the 2,000-acre farm, with support from their mother, Sharon, and their growing children.

Despite medical challenges, patriarch Curt remains a key part of the operation, providing financial oversight and strategic planning, ensuring that the farm remains successful for generations to come.

A major milestone for the Reichmann’s came in 2023, when they constructed a new cattle facility to expand their operation. This project was made possible, in part, with an SBA 504 loan that was facilitated by Minnesota Business Finance Corporation (MBFC) in partnership with Glenwood State Bank.

The SBA 504 loan program has played a crucial role in helping the Reichmann’s achieve their vision by providing affordable, long-term financing with below-market fixed rates. MBFC, along with key lending partners, remains committed to supporting family-owned businesses like the Reichmann Cattle Company, which serve as the backbone of rural economies.

The completion of the new facility in April 2024 marked a turning point for the Reichmann Cattle Company. With over 700 head of feeder cattle, the operation has grown significantly, increasing revenue streams and strengthening the family’s long-term succession plan.

As Dean and Tony gradually transition into full leadership roles, their children have already begun contributing to farm operations, ensuring that the Reichmann legacy continues for future generations.

“This recognition is a testament to the hard work and dedication of the Reichmann family,” Julie Dahlhoff, Vice President of MBFC, said in a press release. “Their commitment to agriculture, coupled with their willingness to adapt and innovate, embodies the spirit of small business success that the SBA seeks to honor.”

Congratulations to the Reichmann Family!