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       [Letterhead of Leonard, Street and Deinard Professional Association
                       150 South Fifth Street, Suite 2300
                             Minneapolis, MN 55402]


March 14, 2002


Soybean Processors, LLC
100 Caspian Ave.
P.O. Box 500
Volga, SD  57071

Ladies and Gentlemen:

We have acted as tax counsel to Soybean Processors, LLC ("the Company"), a South
Dakota limited liability company, in connection with the Company's proposed
issuance of capital units ("Offering"). As such we have participated in the
preparation and filing with the Securities and Exchange Commission under the
Securities Act of 1933, as amended, of a Form S-4 Registration Statement (SEC
File No. 333-75804) including any amendments thereto, (the "Registration
Statement") relating to the Offering.

You have requested our opinion as to matters of federal tax law that are
described in the Registration Statement. We are assuming that the Offering will
be consummated and that the operations of the Company will be conducted in a
manner consistent with that described in the Registration Statement. We have
examined the Registration Statement and such other documents as we have deemed
necessary to render our opinion expressed below.

Based on the foregoing, all statements as to matters of law and legal
conclusions contained in the Registration Statement under the heading "Federal
Income Tax Consequences" constitute our opinion unless otherwise noted. That
section of the Registration Statement contains a general description of the
principal federal income tax consequences that are expected to arise from the
reorganization of South Dakota Soybean Processors into the Company and the
ownership and disposition of capital units, insofar as it relates to matters of
law and legal conclusions, which addresses all material federal income tax
consequences to prospective members and unit holders of the ownership and
disposition of capital units.

Our opinion extends only to matters of law and does not extend to matters of
fact. With limited exceptions, the discussion relates only to individual
citizens and residents of the United States and has limited applicability to
corporate taxpayers, tax-exempt pensions, profit-sharing trusts or IRA's,
foreign taxpayers, estates or taxable trusts as to the transferees of capital
units. An opinion of legal counsel represents an expression of legal counsel's
professional judgment

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March 14, 2002

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regarding the subject matter of the opinion. It is neither a guarantee of the
indicated result nor is it an undertaking to defend the indicated result should
it be challenged by the Internal Revenue Service. This opinion is in no way
binding on the Internal Revenue Service or on any court of law.

We consent to the filing of this opinion as an exhibit to the Registration
Statement and to the reference to our firm in the Registration Statement.

Very truly yours,

/s/ Leonard, Street and Deinard Professional Association

LEONARD, STREET AND DEINARD
PROFESSIONAL ASSOCIATION