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South Dakota Grain Company Fined $290K by PSC

PSC spokeswoman said the fine is the "largest in recent memory"


The Nebraska Public Service Commission has levied a huge fine against a South Dakota grain dealer that did business in the state without a license, reports the Lincoln Journal Star.

The order approved by the PSC at its Tuesday meeting says Banghart Properties LLC of Gettysburg, SD, must pay a fine of $290,000 for operating without a license and failing to properly document grain purchases. The fine reflects $10,000 for each of the 29 unlicensed transactions that were documented in the complaint.

PSC spokeswoman Deb Collins said the fine is the "largest in recent memory" handed down by the commission.

According to a complaint filed in October, the company operated for months in the state without a license and made numerous deals with farmers.

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