Changes to Grain Dealer Act take effect Aug. 30

Grain dealers and producers should be aware that changes to the Grain Dealer Act become effective Aug. 30.

In May, the Legislature passed LB 183 modifying certain portions of the act. With the effective date just weeks away, the Nebraska Public Service Commission wants those affected to be prepared. Beginning Aug. 30, producers that sell grain to a dealer have 15 days from the last delivery, instead of 30 days, to demand payment from the dealer.

The deadlines to negotiate checks received from a dealer and report an insufficient fund check to the PSC were also reduced to 15 days. Failure to com...