Grain buyers, warehouses and insolvency

BISMARCK, N.D. — With three active insolvency proceedings being administered by the North Dakota Public Service Commission, and another North Dakota grain elevator in dire straits, it seems a good time to revisit some of the basic laws related to grain elevator and buyer insolvencies. While the laws related to these insolvencies can be complex, there are a few basic issues that farmers should be aware of.

By: Derrick Braaten, Agweek