Troubled South Dakota grain elevator to be sold

Published May 21, 2013 4:11pm ET



GREGORY, S.D. (AP) — Patrons of a financially troubled cooperative grain elevator in the southeastern South Dakota city of Gregory have decided to sell the facility to an East Coast-based company to keep it in business.

Gregory Farmers Elevator’s patrons voted 63-4 on Monday to sell the facility to Interstate Commodities Inc., of Troy, N.Y., for $555,000, The Daily Republic newspaper reported (http://bit.ly/10j0iDp ).

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