FOR IMMEDIATE RELEASE: August 23, 2022
CONTACT: Leah Mohr, Deputy Executive Director, South Dakota Public Utilities Commission, (605) 773-3201 or (605) 280-4327
PUC encourages producers to dialogue with grain staff
PIERRE, SD — South Dakota producers play an important role in maintaining a healthy grain industry in the state. This theme is being highlighted by the South Dakota Public Utilities Commission at this year’s South Dakota State Fair to encourage conversation and increase communication between grain-selling producers and staff. grain warehouse of the commission.
PUC commissioners and staff will be available to speak with visitors to the PUC booth in the Expo Building at the State Fairgrounds from September 1-5. The Expo building is open to the public from 9 a.m. to 8 p.m. daily, Thursday through Sunday, and 9 a.m. to 5 p.m. Monday.
“The commission uses many methods to regulate and monitor the South Dakota grain industry. Effective communication with local producers will always be one that we find particularly important. PUC Grain Warehouse staff rely on producer feedback to successfully monitor the grain buyer industry in our state,” said PUC Chairman Chris Nelson. “This feedback is essential to help us identify struggling businesses and gives our staff a chance to work with that business and avoid or minimize losses to growers or the community,” he continued.
The PUC closely monitors the financial well-being of the grain industry through licensing and regular inspections of grain buyers and grain warehouses operating in South Dakota. The agency also monitors licensed facilities to ensure they meet their obligations to producers and operate in accordance with the requirements of state law and administrative rules.
“As commissioners of the PUC, we know how important our regulatory role is in helping to protect producers. Our grain warehouse staff take this role very seriously and work hard, but they cannot do it alone. The participation of the producers is essential to the good functioning of the process. If producers have questions about selling grain or concerns about slow wages or even the possibility of non-payment from a company, PUC inspectors want to know,” the PUC Vice President said. , Kristie Fiegen.
PUC staff conduct regular on-site inspections of licensed facilities to analyze the financial condition of grain warehouses and grain buyers. Inspectors review items such as daily position reports, settlement sheets and warehouse receipts.
“Additional grain storage reports and balances are also submitted regularly for review to ensure the facilities have the level of bonding coverage required by state law and are operating in compliance with all other state law requirements. state law. It is also important that the grain buyer and grain warehouse you are dealing with are licensed by the PUC,” explained PUC Commissioner Gary Hanson.
In 2021, the PUC conducted 492 inspections at 351 licensed facilities and recently issued 366 licenses to 192 Class A and Class B grain buyers, as well as state and federally licensed grain warehouses. .
For more information on PUC’s role and responsibilities within the grain industry, links to state statutes and administrative rules, and additional resources for producers, including the current list of licensed facilities by the commission, visit the PUC website at www.puc.sd.gov/warehouse or call 605-773-3201.
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