Published June 26, 2012, 09:10 AM
North Dakota co-op grain elevators members vote to liquidate
WASHBURN, N.D. (AP) — Members of financially troubled cooperative grain elevators in the North Dakota towns of Falkirk and Hazen have voted to sell them.
WASHBURN, N.D. (AP) — Members of financially troubled cooperative grain elevators in the North Dakota towns of Falkirk and Hazen have voted to sell them.
The Bismarck Tribune reports that members of the Washburn-based Falkirk Farmers Elevator voted 88-1 on Monday to liquidate the elevators. The sale is scheduled for Saturday.
Falkirk Farmers is trying to cover $6 million in bank loans and operating debt and $3.4 million owed to farmers and vendors who prepaid for seed and fertilizer they never received.
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