September 03, 2010

Department of Agriculture Auditors Monitor Missouri Grain Dealer

This week during a routine audit of Farmers Ag & Grain Supply, Inc., the Missouri Department of Agriculture Grain Regulatory auditors discovered a negative grain equity position. The company has been directed by state officials to improve their equity position immediately or risk suspension of their grain dealer license. Farmers Ag & Grain Supply, Inc. has locations in Deerfield and Nevada, Mo.

Department of Agriculture auditors remain on the property monitoring grain transactions. Farmers Ag & Grain Supply, Inc. is licensed as a Class 3 Missouri Grain Dealer.