May 10, 2019

Bond Claims Sought Following Karlstad, MN, Elevator Closure

Bond will help grain sellers and depositors mitigate any losses upon its closure

The Minnesota Department of Agriculture (MDA) is advising farmers who conducted business with a recently closed grain elevator in the northwest corner of Minnesota to file claims.

According to the Brownfield Ag News, the Karlstad Farmers Elevator in Karlstad, MN, held a bond with the department to help grain sellers and depositors mitigate any losses upon its closure.

Farmers who have not received payment or who had grain stored at the elevator should submit a bond claim, which can be found on the MDA website.

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