National Sun Industries, Inc. v. Ransom County Ex Rel. Ransom County Board of Commissioners

MESCHKE, Justice.

We learn more about the industry-wide depression in processing sunflower oil seeds than was divulged to this court in Midwest Processing Company v. McHenry County, 467 N.W.2d 895 (N.D.1991). We conclude that the degree of economic obsolescence to adjust reproduction cost computations for determining the actual value of a sunflower seed processing plant for property tax assessments cannot be arbitrarily measured by an opinion relying only on statistics of sunflower seed production and of processing capacity in North Dakota. We accordingly sustain, but modify, a district court…