FERGUS FALLS, Minn. — Tim Leonard was awoken early on Monday, Sept. 10, by a steady knocking on the front door of his house in north Fergus Falls. “I yelled, ‘What the hell! It’s 4 a.m.’ ” Leonard recalls. His alarm turned to confusion when he heard the familiar voice of Jerry Hennessey, his revered friend and general manager of the Ashby Farmers Elevator Cooperative. There was “trouble at the elevator,” Leonard remembers Hennessey explaining. “I need your help!”
ASHBY, Minn. -- Both the grain elevator general manager and his wife went on an Australian safari hunt within 30 days of a multi-million fraud that forced the Ashby Farmers Elevator Cooperative to sell out and dissolve, officials say in a complaint. The elevator’s lawyer, Erik Ahlgren, of Fergus Falls, on Oct. 16 filed a civil complaint with Grant County District Court asking for $9.8 million in actual and punitive damages.
HOPE, N.D. — That odd-looking contraption featured at the "Pie Day" fundraiser on Sept. 30 at the Steele County Museum in Hope didn't look like a tractor — but it was. It's the Moline Universal D. Built in 1918, it celebrates its centennial this year, says proud owner Jack Vadnie, a grain farmer from Clifford, N.D. Jack's late father, Gordon Vadnie, bought the machine in the mid-1950s. Jack doesn't know the machine's history before that.
MOORHEAD, Minn. — This year's strong harvest conditions and relative profitability compared to other crops have kept beet share prices strong in the northern Red River Valley.
FARGO — Ag bankers should brace for a "long" ride on a black swan — an unpredictable, unforeseen event with extreme consequences. The period of soybean price reductions due to the Chinese trade war, initiated by the Donald Trump administration, will have a "long" effect, says a North Dakota State University distinguished professor of agricultural economics. William Wilson, who consults with agricultural entities worldwide, spoke Sept. 27 at the annual North Dakota Bankers Association's Ag Credit Conference in Fargo at the Holiday Inn.
ASHBY, Minn. —With still more reports of inappropriate spending by its former general manager, the elevator at Ashby will reopen its doors Wednesday, Oct. 3, under a lease to the Wheaton Dumont Elevator Co., based in Wheaton, Minn. The Ashby Farmers Elevator Cooperative announced the lease in a news release after a board meeting late Oct. 2.
ARVILLA, N.D. — Farmers stuck with low-priced soybeans and edible beans due to trade war tariff retaliation are looking for places to store a big crop until marketing returns to normal — perhaps six months away. One company, Columbia Grain International LLC at Arvilla and Larimore, N.D., has leased two large flat storage buildings 21 miles away near Grand Forks to store edible beans and soybeans for delayed-price marketing. Soybean dilemma
BALATON, Minn. — A crowd of more than 400 community well-wishers gathered Aug. 22 for what promoters bill as the launch and celebration of a new livestock industry — shrimp — that could make southwest Minnesota the center of a surf-on-the-turf revolution. Entrepreneur leaders of trū® Shrimp Company commissioned their Balaton Bay Reef Training and Innovation Center. The 12,000-square-foot building has been under construction for 11 months and will start growing shrimp this September.
RICHARDTON, N.D. — Stone Mill LLC seems to be an island of prosperity amid the stormy seas of agricultural commodity prices and trade woes. The Richardton food manufacturer is in what the food industry is called the "whole, clean" ingredient market. That market has been exploding in recent years due to perceived health benefits. The company produces organic and non-GMO flaxseed (brown and yellow), garbanzo beans (chickpeas), lentils, quinoa, chia and radish seed.
RICHARDTON, N.D. — Now more than ever, farmers who believe in the future of ethanol need to speak up for it, says Gerald Bachmeier, president of the North Dakota Ethanol Producers Association. Bachmeier, who also serves as chief executive officer of Red Trail Energy LLC, in Richardton, says there are several key policy goals in play: • First is to ensure compliance and continuance to the Renewable Fuel Standard. The RFS sets the Renewable Volume Obligations — the targets for each refiner or importer of petroleum-based gasoline or diesel fuel, Bachmeier says.