Consumer Assistance | Energy | Telecom | Warehouse | Commission Actions | Miscellaneous

arrow Grain Warehouse Division | previous page


Public Utilities Commission's Grain Warehouse Division

H & I Grain FAQ

Monitoring the grain industry in South Dakota is a significant responsibility of the Public Utilities Commission. The PUC licenses and regulates the following entities:

  • state-licensed grain storage warehouses
  • federally-licensed grain storage warehouses holding state grain-buyer licenses
  • grain buyers licensed as processors and non-storage facilities
  • grain brokers and truck-based grain buyers are also licensed but not inspected because they do not maintain grain handling facilities in South Dakota.

The PUC grain warehouse staff consists of a director, an administrator and two full-time inspectors. The Grain Warehouse Division also receives services and support from the PUC executive director; deputy executive director; legal, administrative and communications staff.

List of currently licensed Grain Warehouses/Grain Buyers
This list is for informational purposes only and should not be used for solicitation.

*This list may change. The PUC attempts to keep this list current. If you have a question about an entity that is not listed, please call the Warehouse Division at (605) 773-5280 or e-mail the PUC.

Each state-licensed grain warehouse is required to post a warehouse bond equal to one-half the local market value of the customer-owned grain stored at all their locations. However, a warehouse shall provide a minimum bond of $25,000 at any one municipality or location.

Each state-licensed grain buyer is required to post a minimum $50,000 bond. The bond requirement is determined by a company's average purchases over a three-year period.

State-licensed grain warehouses are required to file monthly grain storage reports for each licensed facility. The dollar amount of the warehouse bond requirement is determined by the value of the customer-owned stored grain. The PUC warehouse staff reviews the monthly grain reports to determine the market value of the stored grain. This is compared with the current warehouse bond level and a bond increase rider may be required to ensure requirements of state law are being met.

The warehouse staff works to reduce producer risk by reviewing the grain buyer and grain warehouse financial statements each year and by performing regular on-site inspections. Problems are identified and addressed. Depending on the nature and severity of problems identified, the commission may: 1.) issue a memorandum of adjustments; 2.) suspend, revoke or deny a license; 3.) require additional bond coverage to compensate for increased risk; 4.) impose limitations on management decisions when risks become excessive.

The commission regularly assists producers with problems they encounter with licensed and unlicensed grain buyers. Feedback from producers is one of the best resources the PUC uses for identifying problems with a grain buyer or grain warehouse. Producers who are not being paid in a timely manner are encouraged to report problems to the PUC by calling 1-800-332-1782 or sending an Email.

Laws and Rules: Grain Buyer/Warehouse Application Forms and Instructions: Publications: (Adobe Reader is needed to view)