Farmers with grain stored at the Pierce, Nebraska Elevator need - KTIV News 4 Sioux City IA: News, Weather and Sports

Farmers with grain stored at the Pierce, Nebraska Elevator need to claim their crop


PIERCE, Neb. (KTIV/US92) - Farmers who had grain stored with the Pierce Elevator have less than a week to claim their crop with the Nebraska Public Service Commission.

Last month, the panel notified more than 200 farmers of the elevator's impending closure.Farmers were given 30 days to claim their share of the company's grain for a chance at payment

Commission officials say they've received many responses, but they are still waiting for a few more prior to the deadline April 30, which is next Wednesday.

"The people who are falling under the grain warehouse license are the people who had grain in these facilities. It was stored there, and they were making paying storage fees. Those are the ones that have access to the benefits of this grain sale, plus that bond if we need it. Whereas the people that had direct delivery shipments, the merchandising side and sold their grain, they don't have access to those dollars," John Fecht | NPSC Director of Grain

Fecht said this means the grain dealers' side could see major losses, while those on the warehouse side could see their claims paid in full.Farmers can testify for their claims at a hearing of the Public Service Commission on June 4 at the Pierce County Fairgrounds.

Official payment will also be determined at that time.

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