FOR IMMEDIATE RELEASE
IOWA COMPANY SURRENDERS
NEBRASKA GRAIN DEALER LICENSE
Lincoln, October 12, 2022 – Global Processing Inc., of
Kanawha, Iowa, Wednesday, October 12, surrendered
its Nebraska Grain Dealer License to the Nebraska
Public Service Commission (PSC). The company owns
and operates facilities in both Lexington and Haigler.
On October 7, members of the PSC grain Department
conducted an examination of the Haigler, and Lexington
facilities followed by a detailed accounting of the
company’s financial records which determined Global
Processing, Inc., was operating with insufficient
funds to cover its grain purchases in Nebraska.
“Through discussions with company management,
it was determined that it was in the best interest of
Nebraska producers/sellers that the company no
longer be allowed to do business as a grain dealer in
our state,” said Commission Chair Dan Watermeier.
By surrendering its license, Global Processing Inc.,
cannot take any action that would classify it as a grain
dealer in the state, including, but not limited to buying
grain from producers/sellers with the intent to sell such
grain.
Commission Watermeier said, “If you are a producer/
seller who may have done business with this company
and has any questions we would encourage you to
contact the PSC grain department.” ###
Contact:
PSC Grain Department/ 402-471-3101 for producer/
seller questions
Media inquiries please contact: Deb Collins-
Communications & Media Mgr.
(402) 471-0226 / deb.collins@nebraska.gov
