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ND pulse marketer files Chapter 11 bankruptcy

Jul 15, 2019 at 02:47 PM CST

BISMARCK — One of North Dakota’s outstanding pulse crop marketers has filed for Chapter 11 bankruptcy protection and reorganization, a victim of tariffs and weather. JM Grain Inc., with offices at Garrison, N.D., and Great Falls, Mont., filed a voluntary Chapter 11 bankruptcy June 25 in Fargo. The company says sales in the current year are about $3.5 million compared to the average of about $13 million, in part due to tariff and trade disruptions. U.S. Bankruptcy Judge Shon Hastings in Fargo on July 2 issued an interim order allowing the use of cash collateral to keep the company going. A hearing is set for July 16 in Fargo.