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Contact Regulation and Inspection Staff
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GRAIN REGULATION
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Grain Regulatory Requirements:
Grain Warehouses Program Law (KRS):
Section for Grain Warehouse/Dealer Program KRS 251.410 to 251.990
Section for Grain Storage Establishment Licenses KRS 251.410 to 251.510
Section for Grain Dealer Establishment Licenses KRS 251.720 to 251.740
Section for Grain Insurance KRS 251.600 to 251.740
Section for Penalties KRS 251.990
Grain Warehouse Program Administrative Regulation (KAR):
Section for Grain Insurance & Grain Dealers - 302 KAR 34:010 to 34:060
Section for Grain Storage - 302 KAR 35:020 to 35:070
Section for Bond & Grain Fund Distribution - 302 KAR 36:010
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The Grain Regulation Branch is responsible for administering inspections to ensure that producer grain and contractual agreements are secured and stable. The licensed grain business's financial and accounting records are audited to ensure that the farmers of the Commonwealth are being paid for their grain commodities. Anyone who buys or stores grain from producers is required to license.
The licensee is required to deduct 1/4 percent (.0025) of the value of grain purchased from producers. This assessment is paid to the Kentucky Grain Insurance Fund which provides insurance coverage to the participating producers in the case of a failure. At present, the Indemnity Fund is above the required $4 million, therefore, the 1/4 percent (.0025) is not being collected. |
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