January 28, 2023

Dawson County Journal

Dawson County, Nebraska

Iowa company surrenders Nebraska grain dealer license

LINCOLN, OCTOBER 12, 2022 – Global Processing Inc., of Kanawha, Iowa, Wednesday,
October 12, surrendered its Nebraska Grain Dealer License to the Nebraska Public Service
Commission (PSC). The company owns and operates facilities in both Lexington and Haigler.

On October 7, members of the PSC grain Department conducted an examination of the Haigler,
and Lexington facilities followed by a detailed accounting of the company’s financial records
which determined Global Processing, Inc., was operating with insufficient funds to cover its
grain purchases in Nebraska.

“Through discussions with company management, it was determined that it was in the best
interest of Nebraska producers/sellers that the company no longer be allowed to do business as
a grain dealer in our state,” said Commission Chair Dan Watermeier.

By surrendering its license, Global Processing Inc., cannot take any action that would classify
it as a grain dealer in the state, including, but not limited to buying grain from producers/sellers
with the intent to sell such grain.

Commission Watermeier said, “If you are a producer/seller who may have done business with
this company and has any questions we would encourage you to contact the PSC grain
department.” 

Contact:

PSC Grain Department/ 402-471-3101 for producer/seller questions


Source: Nebraska Regional News