PSC Issues Grain Producer Harvest Reminders

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