Business

ND Regulators Move To Take Over Sunflower Company

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(credit: CBS)

(credit: CBS)

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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.

Anderson Seed is based in Mentor, Minn., and has storage warehouses in Cass and Pierce counties. The company did not respond to requests for comment.

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.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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