Dow Jones is reporting on the decision by the North Dakota Supreme Court to decide whether grain elevator bonding laws cover farmers who haul their crops outside the state. Some industry officials say the case could put producers' financial safeguards in jeopardy.
The case involves a farmer who worked with an elevator - Minnesota Grain - that went bust in March 2007. The elevator, based in
A district judge upheld the state commission ruling. However, the state supreme court is hearing arguments in the case now. The attorney for the farm family argues that they should be entitled to be compensated by the bond required in