The wheat markets had losses of 15 to 20 cents last week, following along with the steep losses seen in the row crop markets. Noncommercial money was flowing out of the grain markets ahead of the holiday breaks and year-end.
With the 2012 harvest season well on its way to completion, some southwest North Dakota grain elevators are beginning to see space open up at their facilities, unlike a few years ago when farmers were forced to pile grain along roadsides.
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.
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