This week the South Dakota Public Utilities Commission decided that all voluntary sale credit contracts must be signed by the farmer and the grain elevator. PUC Vice Chairman Chris Nelson says that was in response to a judge’s ruling that said a verbal agreement is not enforceable or provided for in law…
Nelson says the Commission also turned down a request by the South Dakota Grain and Feed Association to waive part of the rule requiring a farmers signature. He says instead they decided to proceed with a new rule and will hold public hearings on that proposal in July…
Nelson says if that rule passes following next months hearing, that it will then become effective in September