Farmers in Indiana's Huntington and Wells Counties lost millions of dollars due to the failure of local grain mills in 2020. Now, the Indiana Grain Buyers and Licensing Agency is making sure farmers have received their partial payments, reports WANE 15.
In April 2020, the grain elevator owners voluntarily surrendered their licenses at all locations, effectively closing the mills for the foreseeable future. First Farmers Bank & Trust foreclosed on Salamonie Mills properties and in late July 2020 all locations were sold at public auction. Agland Grain properties are currently for sale.
More than 200 farmers and/or groups were impacted by the grain elevator companies’ closures, losing more than $9.2 million.
The Indiana Grain Buyers and Warehouse Licensing Agency told WANE 15 that the state is working to process all eligible payments as efficiently as possible and in accordance with state statutes.
