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North Dakota Led Investors Miss Deadline to Buy Agridime

By Bill Dubensky Jun 23, 2025 | 5:37 AM

(Jeff Beach/North Dakota Monitor)

 

(North Dakota Monitor) – A court has ordered the cattle and beef marketing company Agridime to pay $103 million in restitution after operating as a Ponzi scheme that cost North Dakota investors an estimated $40 million.

Meanwhile, a North Dakota-led group seeking to buy the company has missed a court-imposed deadline, making the future of the company unclear.

The Commodity Futures Trading Commission announced the federal court order against Texas-based Agridime and its co-founders Joshua Link and Jed Wood on June 16.

Link was ordered to pay more than $815,000 and Wood to pay nearly $1.5 million.

The agency says Link and Wood received more than $161 million from over 2,000 customers from 2021 to December 2023 in at least 14 states.

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