Mar 17, 2022

South Dakota Grain Company Fined $290K by PSC

PSC spokeswoman said the fine is the "largest in recent memory"

The Nebraska Public Service Commission has levied a huge fine against a South Dakota grain dealer that did business in the state without a license, reports theLincoln Journal Star.

The order approved by the PSC at its Tuesday meeting saysBanghart Properties LLCof Gettysburg, SD, must pay a fine of $290,000 foroperating without a license并未能妥善文档grain purchases. The fine reflects $10,000 for each of the 29 unlicensed transactions that were documented in the complaint.

PSC spokeswoman Deb Collins said the fine is the "largest in recent memory" handed down by the commission.

According to a complaint filed in October, the company operated for months in the state without a license and made numerous deals with farmers.

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Marketwatch: Mar, 18

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