BISMARCK, N.D. (AP) — State regulators are moving to take over a sunflower seed company that may have left North Dakota farmers with more than $1.4 million in unpaid bills.
North Dakota's Public Service Commission is asking a state judge to declare Anderson Seed insolvent. It wants a court order giving it control of the company's North Dakota assets.
Commission Chairman Tony Clark said Anderson Seed has a $280,000 bond. He says the commission already has $1.4 million in claims from farmers who say they haven't been paid for sunflower seeds.
The South Dakota Public Utilities Commission suspended the company's South Dakota grain buying license last month.