The insolvency of two grain companies in the Devils Lake area late last year cost farmers and commercial grain elevators millions of dollars. The issue has resulted in additional scrutiny at the state level. North Dakota Agriculture Commissioner Doug Goehring says roving grain buyers may need additional oversight. Legislation may be needed “to say if you’re going to be a roving grain buyer, you’re going to have some of your assets on the table. In some cases, you’re buying a couple million dollars of grain or $23 million (worth of grain) like we’ve seen recently and you leave farmers holding the bag.” In Goehring’s words, the Public Service Commission needs to step and make changes.
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