PSC Temporarily Suspends Grain Dealer License Sets Hearing Date

FOR IMMEDIATE RELEASE

       PSC TEMPORARILY SUSPENDS GRAIN DEALER LICENSE
                                      SETS HEARING DATE

Lincoln, June 7, 2022 – The Nebraska Public Service Commission
(PSC) issued an Order (GDC-448/GD-3021) temporarily suspending
the grain dealer license of Mercaris Corporation,Silver Spring,
Maryland, and scheduled a show cause hearing (GDC-448/GD-3031)
for Wednesday, August 3, 2022.

The PSC grain department complaint alleges Mercaris Corporation
is in violation of title 291Neb. Admin. Code, Chapter 8 § 003.03 for
failing to meet, maintain a minimum allowable net worth of $10,000.

“We’ve given this grain dealer ample opportunity to bring itself into
compliance,” said Commission Chair Dan Watermeier. “Despite our
efforts they have failed to take the necessary action needed to do so.”

A hearing scheduled for August 3, will provide the Silver Spring,
Maryland company the opportunity to show cause as to why it should
not lose its grain dealer license and be assessed civil penalties for
violation of Nebraska law.

Commissioner Watermeier said, “At this time, we don’t believe the
company has any outstanding contracts with Nebraska producers.
Temporarily suspending their license until the hearing will help to
ensure they won’t be doing business in our state.” ###

Contact:
Deb Collins- Media & Communications Mgr.
(402) 471-0226
deb.collins@nebraska.gov