The North Dakota House has revived a proposal to move regulation of the grain industry from the Public Service Commission to the state Department of Agriculture, reports AgWeek.
The House on Wednesday, April 10, voted 80-13 to pass Senate Bill 2346, which had been amended to mirror a bill earlier passed by the House, House Bill 1467.
House Bill 1467 would have moved regulation to the Ag Department; SB2346 would have broadened the indemnity fund used to pay back growers in the case of insolvency.
The recent case of Hunter Hanson, a roving grain buyer facing millions of dollars in claims against his businesses and several felony charges, has highlighted the state’s issues with grain trading regulation, leading to various proposals, including the idea that the Department of Agriculture would do a better job of keeping up with the grain industry.
Read the full update at AgWeek.
