Grain News

IA Ag Dept. Suspends Grain Dealer License of Verified Grains, Inc.

Date Posted: May 23, 2013

Des Moines—The Iowa Department of Agriculture and Land Stewardship has suspended the grain dealer license for Verified Grains, Inc. in Kanawha, Iowa and Mantorville, Minnesota in accordance with Iowa Code Sections 203.

As a result of this action, Verified Grains is forbidden to operate as a grain dealer within Iowa and must surrender any grain dealer certificates to the Department.

The suspension is based upon the failure to file accurate monthly financial statements to the Department as well as a failure to meet minimum net worth requirements.

A revocation hearing has been set for July 12, 2013 in the second floor conference room of the Henry A. Wallace state office building in Des Moines.

The Iowa Department of Agriculture and Land Stewardship’s Grain Warehouse Bureau regulates and examines the financial solvency of grain dealers and grain warehouse operators.

The functions of the Bureau include: warehouse licensing, warehouse examination, grain dealer licensing and grain dealer examinations.

For more information, call 515-281-3375.

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