For Immediate Release
PSC Issues Grain Producer Harvest Reminders
Lincoln, September 3, 2020 –With the start of harvest, the
Nebraska Public Service Commission (PSC) reminds
producers of the need to familiarize themselves with
Nebraska Grain Laws.
“Understanding the law is key when it comes to protecting
ones assets,” said Mike Bartels, PSC Grain Department
Director. “Producers could be left holding the bag should
a dealer go out of business and certain requirements
haven’t been met.”
Under the Grain Dealer Act if a producer/seller wants to
ensure their transactions with a grain dealer are covered
by the grain dealer’s security posted with the PSC, they
must demand payment within 15 days of completion of
their contract with the dealer. Producers/sellers who
choose not to demand payment within 15 days after
completion of their contract will be unsecured creditors
of that dealer and forfeit any protection from the grain
dealers security.
Bartels said, “The law is clear. It is the responsibility of
the producers to demand payment within the set
timeframe to ensure they are covered.”
Grain Warehouse operators are also reminded by the
PSC of the Emergency Storage Policy. In order to store
grain on the ground, an Emergency Storage application
must be filed with, and approved by the PSC. The
Emergency Storage Application can be found on the
Grain Department page of the PSC website. ###
Contact:
Deb Collins- Media & Communications Mgr.
(402) 471-0226
deb.collins@nebraska.gov
