Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
H&I Grain owners blame son for financial woes
PIERRE — The husband-and-wife owners of several financially troubled grain businesses sued their son for fraud in federal court last month, three weeks before South Dakota regulators suspended the company’s grain buying licenses.
Duane and JoAnne Steffensen are owners and directors of H&I Grain of Hetland Inc. They held grain buyer licenses for businesses in Hetland, De Smet and Arlington.
The South Dakota Public Utilities Commission suspended the licenses June 23 because of specific acts indicating insolvency.
Neither the Steffensens nor their representative participated in the commission meeting in person or by telephone.
Read more: http://www.farmforum.net/2017/07/10/hi-grain-owners-blame-son-for-financial-woes/