S.D. Bonding Laws Questioned After Anderson Seed Company Closure

Chairman’s Note: Governor Daugaard attends his first ribbon cutting ceremony for a new seed company slated to receive hundreds of thousands of dollars in state support. Less than a year later, the seed company goes belly up. $2.6 million owed to farmers across South Dakota goes missing. The Governor’s Office of Economic Development withholds information about the company’s impending demise. And the Public Utilities Commission, whose job it is to protect farmers, sits idly, abandoning their only recourse – a $100,000 surety bond – to protect against unforeseen bankruptcy. Something is wrong here. In fact, lots of things are wrong. From the governor’s office to the Public Utilities Commission, we are reminded that we need better leadership in Pierre, and we need it now.

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