Key facts
- Nebraska regulators filed a complaint against The Andersons for alleged late payments to a grain producer.
- The complaint stems from 17 grain deliveries between November 2023 and January 2024.
- The Andersons stated it withheld payment in one instance due to ownership verification issues.
- The specific payment dispute between the producer and The Andersons has been resolved.
- Nebraska regulators are continuing their investigation and seeking information from other affected producers.
- The case follows the bankruptcy of another Nebraska grain dealer, Hansen-Mueller Co., last year.
Nebraska regulators have initiated a complaint against The Andersons, an Ohio-based agribusiness, alleging the company failed to make timely payments to a local grain producer. The Nebraska Public Service Commission's Grain Warehouses and Dealers Department is investigating claims that The Andersons did not pay for 17 grain deliveries made between November 2023 and January 2024.
The company reportedly stated that payment was withheld in one instance due to an inability to verify grain ownership. While the specific issue between the producer and The Andersons has since been resolved, the state agency's investigation is ongoing. The department alleges non-compliance with state grain dealing laws and could seek civil penalties, license revocation, or a ban from operating in Nebraska.
Regulators are actively seeking information from any other Nebraska grain producers or sellers who may have experienced delayed payments from The Andersons or other licensed grain dealers. This action follows the collapse of Omaha-based grain dealer Hansen-Mueller Co. last November, which filed for Chapter 11 bankruptcy after its license was suspended over unpaid contracts, leaving farmers and other businesses seeking to recover over $200 million.