Dealers who purchase grain directly from producers must be licensed and bonded pursuant to the Mississippi Grain Dealers Law. Operations or individuals who are not licensed are prohibited from purchasing grain from producers in Mississippi.
Warehouses that store grain for the public in Mississippi are required to be licensed pursuant to the Grain Warehouse Law of Mississippi, unless the warehouse is licensed under the United States Warehouse Act. The law requires the warehouse to post the license in a conspicuous place in the office of the grain warehouse and requires that grain warehousemen must be bonded for financial and storage obligations and must maintain sufficient assets to cover potential losses. Bonding requirements of the law range from a minimum of $15,000 to, in general, a maximum of $1,000,000.
Grain Dealers and Warehouses Forms
Grain Dealers and Warehouses Laws
Mississippi Grain Dealers Law
Mississippi Code Annotated Sections 75-45-301 to 75-45-315 The Law requires that grain dealers engaged in the business of buying grain from producers be licensed by the Department and bonded, unless the dealer is licensed under the United States Warehouse Act.
Mississippi Grain Warehouse Law
Mississippi Code Annotated Sections 75-44-1 to 75-44-71 The Law provides that no person shall operate a grain warehouse or issue a grain warehouse receipt without having first obtained a license from the Department, unless the warehouse is licensed under the United States Warehouse Act.
Mississippi Grain Inspection & Weighing
Mississippi Code Annotated Section 69-1-23 Designates the Department as the official inspection agency for grain crops. In addition, grain inspection personnel offers official weight supervision at points requesting this service.
For more information on the United States Grain Standards Act, go to USDA – Grain Inspection Service.
Contact:
Gene Robertson
Deputy Bureau Director
Gene@mdac.ms.gov
P.O. Box 1609
Jackson, MS 39215
Phone: (601) 359-1111
Fax: (601) 359-1175