Advertise in Print | Subscriptions
Published October 07, 2010, 02:05 PM

ND Dem PSC hopeful wants stronger grain insurance

BISMARCK, N.D. — North Dakota’s Democratic candidate for the state Public Service Commission says the Legislature needs to strengthen a fund that protects farmers if a grain elevator goes broke.

BISMARCK, N.D. — North Dakota’s Democratic candidate for the state Public Service Commission says the Legislature needs to strengthen a fund that protects farmers if a grain elevator goes broke.

Brad Crabtree says the credit indemnity fund needs to be larger than $6 million. Crabtree says in recent years at least 10 grain elevators have had at least $10 million in potential claims on the fund.

The fund covers farmers who sell grain to elevators and delay taking payment for more than 30 days. It used to have a $10 million cap, but the Legislature lowered it to $6 million three years ago.

Crabtree is running against incumbent Republican Kevin Cramer.

Tags: