The South Dakota Public Utilities Commission suspended the grain buyers license of H & I Grain of Hetland last month, and ordered their four hundred-thousand-dollar bond forfeited. The PUC report shows the grain company could owe over five million dollars to producers.
PUC Chair Kristie Fiegen says this grain company failure should start further discussions
Fiegen says the producers that didn’t take payment when they delivered their grain are taking the hits
Fiegen says there always risks in dealing with contracted grain sales
The PUC was putting together a full audit of the company’s assets and liabilities, and that list should be available this month.
(WNAX)