PIERRE — A Gettysburg grain buyer has not violated state law by purchasing grain without a Class B license. The South Dakota Public Utilities Commission also determined Wednesday that Banghart Properties L-L-C did violate state law by failing to pay two producers within a 30 day window. Commissioner Chris Nelson says Banghart’s business model puts the risk on the producers…
State law does not provide for a penalty for finding Banghart in violation of not paying producers within 30 days. Nelson says he doesn’t fault P-U-C staff for bringing the complaint…
Commissioners also approved a Class B grain buyers license for Banghart that included nearly a dozen conditions and was debated for almost an hour…
Banghart was looking for a new Class B license to replace the current Class B license that expires at the end of the month so they can continue operations.
