FOR IMMEDIATE RELEASE
PSC ISSUES IMPORTANT REMINDERS FOR
GRAIN PRODUCERS AND DEALERS
Lincoln, April 4, 2023—The Nebraska Public Service
Commission (PSC) is reminding grain producers and
dealers of the importance of familiarizing themselves
with Nebraska’s Grain laws when it comes to doing
business with grain dealers.
It is of vital importance for a producer/seller to ensure
they are working with a grain dealer that is licensed to
do business in the state of Nebraska. If a producer sells
grain to a grain dealer that is not licensed in Nebraska,
the producer will have no protections under state law.
A list of grain dealers licensed in Nebraska can be
found on the Grain Department page of the
PSC website.
“State Law requires grain dealers to hold a Nebraska
license in order to do business with producers/sellers
from our state,” said Commission Chair Dan Watermeier.
“The license means the grain dealer has posted a
security bond with the PSC, providing protection for
the producer/seller.”
Under the Nebraska 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
dealer’s security.
Commissioner Watermeier said, “By knowing the law,
working with only licensed grain dealers and demanding
payment within the set timeframe producers/sellers can
save themselves time and money should a grain dealer
experience any issues.”
Information for producers/sellers, grain dealers and grain
warehouses can be found on the Grain Department page
of the PSC website. Questions can be emailed to
< psc.grain@nebraska.gov >. ###
Contact:
Deb Collins- Communications & Media Mgr.
(402) 471-0226
deb.collins@nebraska.gov
