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JM Grain of North Dakota Files Bankruptcy

Pulse crop marketer filed Chapter 11, citing tariffs and trade disruptions

JM Grain logo

One of North Dakota’s outstanding pulse crop marketers has filed for Chapter 11 bankruptcy protection and reorganization, a victim of tariffs and weather, reports the Bismarck Tribune.

JM Grain Inc., with offices at Garrison, ND, and Great Falls, MT, filed a voluntary Chapter 11 bankruptcy June 25 in Fargo.

The company says sales in the current year are about $3.5 million compared to the average of about $13 million, in part due to tariff and trade disruptions.

“JM’s plan is to reorganize company debts, restructure operations,” the company said in a statement.

According to bankruptcy documents, grain receipt-holders are owed a total of $609,804 and the company is planning to restructure debt to pay the creditors in full.

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