NPSC Still Collecting Claims from Former Pierce Elevator Inc Customers
LINCOLN - Farmers who had grain stored with the Pierce Elevator have less than a week to claim their crop with the Public Service Commission.
Last month the Commission notified roughly 215 farmers of the elevator's closure, giving them 30 days to claim their share of the company's bushels for a chance at payment
NPSC Director of Grain John Fecht says the commission has received a good number of responses, but are still waiting for a few more prior to the April 30th deadline. Fecht says Pierce customers are falling into two different categories.
Fecht: "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."
Fecht said this means the grain dealers' side could see major losses, while those on the warehouse side may see their claims paid in full.
Farmers can testify their claim with the Public Service Commission during a public hearing set for June 4th at the Pierce County Fair Grounds. Official payment will also be determined at that time.