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Iowa Seed Company Loses Licenses
4/24/2009
Sara Muri, Top Producer Business & Crops Online Editor
The Seed Company, Inc., of Lynnville, Iowa, lost their warehouse operator and grain dealer licenses for failing to meet the minimum net worth and current ratio requirement, according to the Iowa Department of Agriculture and Land Stewardship.
The license revocation is effective as of today, April 24. The Seed Company, Inc., contacted the Department and consented to the voluntary revocation of their grain dealer license and waived their right to an administrative hearing.
If You’re Affected
Anyone with a grain claim against The Seed Company, Inc., must contact the company and the Grain Warehouse Bureau in writing within 120 days of the revocations (August 24, 2009).
The claims can be sent by mail or delivered in person to either:
The Seed Company, Inc.,
504 Center Street,
P.O. Box 247,
Lynnville, Iowa 50153
Iowa Department of Agriculture and Land Stewardship
Grain Warehouse Bureau,
Wallace State Office Building,
Des Moines, Iowa 50319
Those with claims against The Seed Company, Inc., that have questions can contact the Grain Warehouse Bureau at 515-281-5987.
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