HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Places » U.S. » South Dakota (Group) » H&I Grain owners blame so...

Tue Jul 11, 2017, 05:23 AM

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/

0 replies, 1688 views

Reply to this thread

Back to top Alert abuse

Reply to this thread