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Wisconsin weighs grain warehouse bonds on value not space
Inaccurate moisture tests and licensing rules prompt criticism of a space based bond system. Mr. Jackson argues for bonds tied to the cubic foot value of grain, noting Evansville’s Farmers Grain Exchange faces a 10000 dollar minimum despite holding about 440000 bushels worth nearly 1 million dollars. Several neighboring states set bonds by capacity, and Wisconsin lawmakers have floated bills for grain dealer licensing and warehouse bonding that stalled in committee.
MENTIONED IN THIS ARTICLE
Superior
Jackson
Farmers Grain Exchange
Evansville
Wisconsin
Iowa
State Ag Board
Agriculture
Rohde
Mr. Jackson
Stateng Board