Jessica Holdman / Bismarck Tribune
MANDAN, N.D.-- North Dakota's largest farming organization is advocating for adjusting the crop insurance payments as a way to protect farmers from ongoing international trade retaliations. As House and Senate versions of a new Farm Bill head to conference committee, the North Dakota Farmers Union sees it as an opportunity to raise reference prices for price loss coverage crop insurance plans.
BISMARCK — It wasn't built as a fertilizer plant but, as of this year, Dakota Gasification Co.'s Great Plains Synfuels Plant is one. Negotiating its new role as regional fertilizer tycoon in its inaugural season was something of a trial by fire — but one the company aims to learn from and improve upon as it takes on the task of supplying farmers in North Dakota, South Dakota and Montana with the nitrogen source they need.
BISMARCK—A small sphere no bigger than a golf ball but filled with sensors, the Piper is inserted at one end of an underground pipeline. It flows along with whatever liquid the pipeline in carrying — crude oil, brine. Acoustic sensors listen for possible leaks. Pressure, temperature, acceleration, rotation of the Piper are all measured and deposits clogging the pipeline can be identified. It can even create a "pressure profile," allowing companies to determine where best to tie in new lengths of pipe.
BISMARCK—Workforce recruiting has moved to the forefront in western portions of the state, North Dakota Petroleum Council President Ron Ness said in his opening remarks for the 26th Williston Basin Petroleum Conference in Bismarck on Tuesday. Job Service North Dakota is on the ground and trying to help out as it participated in four job fairs last week, said Cindy Sanford of the agency's Williston office. During one of the job fairs, a company hired 22 of 40 people who approached their recruiters.
BISMARCK—MDU Resources Group Inc. CEO Dave Goodin touted the company's improved economic performance and predictions for continued success during the corporation's annual shareholder meeting in Bismarck on Tuesday, May 8. In the first quarter of 2018, the company had earnings of $41.9 million, or 22 cents per share, compared to first quarter 2017 earnings of $35.5 million.
BISMARCK—Proponents of legalizing recreational marijuana use are about 2,500 signatures away from requirements for a measure to be placed on the November ballot. The measure needs 13,452 valid, qualified signatures to go to a vote, according to the North Dakota Secretary of State's office.
BISMARCK—The public has until April 26 to comment on the proposed repeal of Obama-era regulation of carbon dioxide emissions from coal-fired power plants. For North Dakota's part, state environmental health regulators are calling for repeal and a new rule that would be driven at the state level.
BISMARCK—MDU Resources Group Inc. will ring in, or ring out rather, 70 years as a publicly traded company by ringing the closing bell on the New York Stock Exchange this week. Fewer than 100 companies have been on the exchange for the same time period, said CEO Dave Goodin. Some have merged over the years, but a small number who were on the exchange when MDU joined are still listed under the same ticker symbol. "I think it demonstrates the staying power of MDU," Goodin said.
BISMARCK—The Senate is expected to vote within the coming week on legislation aimed at aiding small community banks. The bill, co-authored by Sen. Heidi Heitkamp, D-N.D., is meant to roll back some of the paperwork and regulations that have hampered small banks. After the housing crisis and financial collapse of 2008, banking regulations were tightened to prevent a similar disaster. But for smaller banks not involved in the making of the downturn, the regulations made it harder to do business due to the manpower needed for compliance.
BISMARCK—MDU Resources Group is reporting a $39.5 million tax benefit in the fourth quarter of 2017 from federal tax reform and is expected to return a portion to customers. With the reduction of the corporate tax rate from 35 percent to 21 percent on Jan. 1, MDU's construction services and materials businesses saw $4.3 million and $41.9 million in tax benefits respectively. The company incurred charges of $6.4 million to its electric and natural gas utility company and $200,000 to its pipeline business, MDU stated in its annual earnings release.