Mail Stop 3561

      August 4, 2005


Tom Lynch, President
Siouxland Ethanol, LLC
110 East Elk Street
Jackson, Nebraska  68743

      Re:	Siouxland Ethanol, LLC
      Amendment No. 3 to Registration Statement on Form SB-2
      Filed July 22, 2005
      File No. 333-123473

Dear Mr. Lynch:

      We have reviewed your filing and have the following
comments.
Where indicated, we think you should revise your document in
response
to these comments.  If you disagree, we will consider your
explanation as to why our comment is inapplicable or a revision is
unnecessary.  Please be as detailed as necessary in your
explanation.
In some of our comments, we may ask you to provide us with
information so we may better understand your disclosure.  After
reviewing this information, we may raise additional comments.

Estimated Sources of Funds, page 27
1. We note your response to comment 2 in our letter date July 15,
2005.  In the table in your previous amendment to this
registration
statement, you included grants totaling $1,000,000 and a tax
increment financing of $3,000,000, thereby estimating your debt
financing needs at $43,325,000.  However, in your table to this
amendment, you do not include the grants or the tax increment
financing.  Therefore, your term debt financing estimate is
$47,325,000.  Also, on page 30 of this document, for the purposes
of
estimating capitalized interest and financing costs, you include
the
$1,000,000 in grants and the $3,000,000 in tax increment financing
to
estimate your debt financing requirements at $43,325,000.  Please
revise your document to make these figures consistent, or tell us
why
you estimate your debt financing differently.

Further, we note that in your table on page 27 you list your unit
proceeds at $32,200,000 if you sell 3,220 units.  However, in your
third paragraph on page 30, you list the equity amount at
$32,220,000.  Please revise or advise.

Escrow Procedures, page 63
2. In the second paragraph of this subsection, you state that you
will invest the escrow funds in "short-term certificates of
deposit
issued by a bank, short-term securities issued by the United
States
government, money market funds, repurchase agreements or other
financial vehicles including those available through the escrow
agent."  However, on page 2 of you Amended and Restated Escrow
Agreement with US Bank National Association, US Bank National
Association is authorized to "deposit transfer, hold and invest
all
funds received under this Agreement, including principal and
interest, in a First American Government Obligation Money Market
Fund
Class Y."  Please revise your disclosure so that it is consistent
with you Amended and Restated Escrow Agreement, or explain this
apparent inconsistency.

Also, if the escrow funds will be invested in financial vehicles
other than US government securities, please consider adding a risk
factor that discusses the possibility that the escrow funds could
be
lost.

Financial Statements
3. Please refer to comment 12 in our letter dated June 9, 2005 and
comment 5 in our letter dated July 15, 2005.  Interim financial
statements must be included in filings, other than annual report
filings on Form 10-KSB, as of a date no more than 134 days of the
filing or effective date.  The interim financial statements
consist
of a balance sheet as of the end of the most recent fiscal quarter
and statements of income and cash flows for the period between the
latest fiscal year-end and the interim balance sheet and for the
comparable period of the preceding year as set forth in Item
310(b)
of Regulation S-B.  Instruction 1 to Item 310(b) provides
additional
guidance where Item 310 is applicable to a Form 10-QSB.  For a
filing
on Form 10-QSB, if the interim period covers more than one
quarter,
income statements must be provided for the most recent interim
quarter and the comparable quarter of the preceding fiscal year.
A
statement of cash flows for these quarters is not required.
Please
revise your presentation for this registration statement to
include
statements of income and cash flows for only the interim period
between September 30, 2004 and March 31, 2005 and from inception,
August 12, 2004 to March 31, 2005.

* * * * *


      As appropriate, please amend your registration statement in
response to these comments.  You may wish to provide us with
marked
copies of the amendment to expedite our review.  Please furnish a
cover letter with your amendment that keys your responses to our
comments and provides any requested information.  Detailed cover
letters greatly facilitate our review.  Please understand that we
may
have additional comments after reviewing your amendment and
responses
to our comments.

      You may contact Milwood Hobbs, Staff Accountant, at (202)
551-
3241, or Donna DiSilvio, Senior Accountant, at (202) 551-3202, if
you
have questions regarding comments on the financial statements and
related matters.  Please contact John Fieldsend, Staff Attorney,
at
(202) 551-3343, David Mittelman, Legal Branch Chief, at (202) 551-
3214, or me at (202) 551-3720 with any other questions.

      Sincerely,



      H. Christopher Owings
      Assistant Director


cc:	Valerie D. Bandstra, Esq.
	Brown, Winick, Graves, Gross, Baskerville & Schoenebaum,
P.L.C.
	Via Fax: (515) 283-0231

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Tom Lynch
Siouxland Ethanol, LLC
August 8, 2005
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