A bill in the South Dakota Legislature designed to give producers first dibs on bond money, if a grain buyer goes belly up is moving to House Floor. Producer Ray Martinmaas says he lost big in the Anderson Seed’s failure, and requested a bond hearing from the Public Utilities Commission…
Brenda Foreman, Executive Director of the South Dakota Association of Cooperatives says HB 1228 creates financial winners and losers…
Representatives of the South Dakota Grain and Feed Association and South Dakota Trucking Association also testified against the bill. A representative of the South Dakota Farmers Union testified in support of H-B 1228. House Bill 1228 passed out of the House Ag and Natural Resources Committee with a “Do-Pass” recommendation on an eight to five vote.