North Dakota Ag Commissioner Suggests Changes in Grain Elevator Regulation
Wants to move from “volume-based” system for bonding, coverage and licensing, to “value based” system
North Dakota Agriculture Commissioner Doug Goehring says he is asking the 2021 Legislature to rewrite some of the regulations concerning grain elevators.
Goehring made some of the proposals to the Legislature’s interim Agriculture and Transportation Committee, reports Prairie Public News.
Goehring said one of the changes is moving away from a “volume-based” system for bonding, coverage and licensing, to a “value based” system.
Under the regulation, as the value of a product goes up, then the licensing and bonding requirements go up as well.