Montana Biodiesel Company Fails to Pay Farmers

BILLINGS

“We plan to work through this in an orderly process that maximizes the value of assets for the benefit of growers. Our first priority is to get producers paid,” Director Ron de Yong of the Montana Department of Agriculture said in a statement Wednesday.

A separate process is occurring in North Dakota.

The company contracted for oilseed in 2008 at rates far greater than current values and was unable to obtain bank loans to pay for seed and remain operational, according to the annual report Sustainable Systems’ parent company, New York-based Greenshift Corp., filed on April 16.

Flathead Beacon