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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): January 13, 2009</B>

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<P align="center" style="font-size: 24pt"><B>GRANITE FALLS ENERGY, LLC<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
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    <TD style="border-bottom: 1px solid #000000"><B>Minnesota</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>000-51277</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>41-1997390</B></TD>
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    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
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    <TD>(IRS Employer Identification No.)</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>15045 Highway 23 SE, Granite Falls, MN<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>56241-0216</B></TD>
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    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
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<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(320) 564-3100</B>


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    <TD nowrap>(Former name or former address if changed since last report.)</TD>
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<P align="left" style="font-size: 10pt">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:

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<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="justify" style="font-size: 10pt"><B>Item&nbsp;5.02 Departure of Governors</B>


<P align="justify" style="font-size: 10pt; text-indent: 4%">On January&nbsp;13, 2009, the Granite Falls Energy, LLC (the &#147;Company&#148;) Board of Governors adopted a resolution
recognizing and approving the private transfer of 2,000 membership units from Glacial Lakes Energy, LLC (&#147;Glacial
Lakes&#148;) to Fagen, Inc. (&#147;Fagen&#148;). Pursuant to the Company&#146;s Fifth Amended and Restated Operating and Member Control
Agreement (&#147;Member Control Agreement&#148;), Glacial Lakes had the right to appoint two representatives to the Company&#146;s
Board of Governors so long as Glacial Lakes owns no less than 20% of
the Company&#146;s issued and outstanding membership units.
The transfer of 2,000 membership units from Glacial Lakes to Fagen has reduced Glacial Lakes&#146; ownership of the Company
to less than 20% of the issued and outstanding membership units. Accordingly, pursuant to the terms of the Member
Control Agreement, Glacial Lakes has relinquished its right to appoint two representatives to the Company&#146;s Board of
Governors and the two Glacial Lakes representatives, Mr.&nbsp;Mark Schmidt and Mr.&nbsp;Terry Mudgett, are deemed to have
resigned from the Company&#146;s Board of Governors as of January&nbsp;13, 2009. Mr.&nbsp;Mudgett was also a member of the Company&#146;s
risk management committee. The Company anticipates that the members of the Company will elect two governors to replace
Mr.&nbsp;Schmidt and Mr.&nbsp;Mudgett at the Company&#146;s annual members&#146; meeting to be held in March&nbsp;2009.


<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="justify" style="font-size: 10pt; text-indent: 4%">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.

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&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">GRANITE FALLS ENERGY, LLC</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">January&nbsp;20, 2009&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Stacie Schuler&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date
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    <TD align="left" valign="top">Stacie Schuler, Chief Financial Officer</TD>
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{"company-data": {"conformed-name": "Granite Falls Energy, LLC", "cik": "0001181749", "assigned-sic": "2860", "irs-number": "411997390", "state-of-incorporation": "MN", "fiscal-year-end": "1031"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51277", "film-number": "09534188"}, "business-address": {"street1": "15045 HIGHWAY 23 S.E.", "city": "GRANITE FALLS", "state": "MN", "zip": "56241-0216", "phone": "320-564-3100"}, "mail-address": {"street1": "15045 HIGHWAY 23 S.E.", "city": "GRANITE FALLS", "state": "MN", "zip": "56241-0216"}, "former-company": {"former-conformed-name": "GRANITE FALLS COMMUNITY ETHANOL PLANT LLC", "date-changed": "20020821"}}
Filed by Bowne Pure Compliance
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): January 13, 2009
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 5.02 Departure of Governors
On January 13, 2009, the Granite Falls Energy, LLC (the "Company") Board of Governors adopted a resolution
recognizing and approving the private transfer of 2,000 membership units from Glacial Lakes Energy, LLC ("Glacial
Lakes") to Fagen, Inc. ("Fagen"). Pursuant to the Company's Fifth Amended and Restated Operating and Member Control
Agreement ("Member Control Agreement"), Glacial Lakes had the right to appoint two representatives to the Company's
Board of Governors so long as Glacial Lakes owns no less than 20% of
the Company's issued and outstanding membership units.
The transfer of 2,000 membership units from Glacial Lakes to Fagen has reduced Glacial Lakes' ownership of the Company
to less than 20% of the issued and outstanding membership units. Accordingly, pursuant to the terms of the Member
Control Agreement, Glacial Lakes has relinquished its right to appoint two representatives to the Company's Board of
Governors and the two Glacial Lakes representatives, Mr. Mark Schmidt and Mr. Terry Mudgett, are deemed to have
resigned from the Company's Board of Governors as of January 13, 2009. Mr. Mudgett was also a member of the Company's
risk management committee. The Company anticipates that the members of the Company will elect two governors to replace
Mr. Schmidt and Mr. Mudgett at the Company's annual members' meeting to be held in March 2009.
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
January 20, 2009
/s/ Stacie Schuler
Date
Stacie Schuler, Chief Financial Officer
2