The South Dakota Public Utilities Commission has agreed to the distribution of the bond of a bankrupt seed company. Anderson Seed in Redfield closed, leaving a number of producers on the hook. PUC Chairman Chris Nelson said they approved an order at their meeting this week, setting up a settlement plan…
[audio:http://prprt.itmwpb.com/wp-content/uploads/sites/688/2012/06/Chris-Nelson-621a.mp3|titles=Chris Nelson 621a]Nelson said the one hundred thousand dollar bond posted by Anderson Seed will not cover the losses…
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Nelson says they want the legislature to help them in similar situations in the future…
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Anderson Seed also received state economic development loans to open their facility in Redfield.