-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 DxFsLxMxIB8VZ5w8nSDp3d0v2Zute5OQbzhFRkIDjoGtmEuskYVkljfVZC4cQOqI
 DTn0s9EkbEEsegCS2j4Akw==

<SEC-DOCUMENT>0001179110-06-009602.txt : 20060501
<SEC-HEADER>0001179110-06-009602.hdr.sgml : 20060501
<ACCEPTANCE-DATETIME>20060501171004
ACCESSION NUMBER:		0001179110-06-009602
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060501
FILED AS OF DATE:		20060501
DATE AS OF CHANGE:		20060501

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SERIE RICHARD A
		CENTRAL INDEX KEY:			0001227865

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-49779
		FILM NUMBER:		06796080

	BUSINESS ADDRESS:	
		STREET 1:		416 S SECOND AVE
		CITY:			SIOUX FALLS
		STATE:			SD
		ZIP:			57104
		BUSINESS PHONE:		6053312550

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GREAT PLAINS ETHANOL LLC
		CENTRAL INDEX KEY:			0001135568
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL ORGANIC CHEMICALS [2860]
		IRS NUMBER:				460459188
		STATE OF INCORPORATION:			SD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		27716 462ND AVE.
		CITY:			CHANCELLOR
		STATE:			SD
		ZIP:			57015
		BUSINESS PHONE:		6056470040

	MAIL ADDRESS:	
		STREET 1:		27716 462ND AVE.
		CITY:			CHANCELLOR
		STATE:			SD
		ZIP:			57015
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 4 -
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-05-01</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001135568</issuerCik>
        <issuerName>GREAT PLAINS ETHANOL LLC</issuerName>
        <issuerTradingSymbol>N/A</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001227865</rptOwnerCik>
            <rptOwnerName>SERIE RICHARD A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>403 NORTH KNISS</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LUVERNE</rptOwnerCity>
            <rptOwnerState>MN</rptOwnerState>
            <rptOwnerZipCode>56165</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>CEO</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class C Capital Unit</value>
            </securityTitle>
            <transactionDate>
                <value>2006-05-01</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>21000</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes></footnotes>

    <ownerSignature>
        <signatureName>/s/ Rick Serie</signatureName>
        <signatureDate>2006-05-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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