South Dakota regulators have decided to seek the assets of a sunflower seed company that may owe farmers in South Dakota and North Dakota more than $4 million. But members of the South Dakota Public Utilities Company and lawyers for farmers said Tuesday there likely are not enough assets to cover what Anderson Seed Inc. owes to farmers. The commission voted to go to court to seek receivership of the company’s $100,000 bond, grain that may be worth $600,000 and other assets of Anderson Seed’s operation in Redfield. The PUC also formally revoked Anderson Seed’s license to buy grain in South Dakota. No one representing Anderson Seeds took part in the commission’s hearing Tuesday. The North Dakota Public Service Commission also has gone to court to seek company assets.
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