Licensed Grain Storage Increases in North Dakota

September 3, 2015 02:01 PM
Licensed Grain Storage Increases in North Dakota

The North Dakota Public Service Commission says grain storage licensed this year in North Dakota is up by more than 24 million bushels.

The PSC says the total licensed capacity this year is 451 million bushels. That's up from 427 million bushels for the same time a year ago.

Officials say North Dakota has 381 licensed grain facilities and 76 roving grain buyers.

Officials credit strong harvest by farmers and increased capital investment by the grain industry for the increased capacity.

All grain storage in the state must be licensed, bonded and insured to protect farmers if a facility becomes insolvent or suffers a disaster. That includes temporary storage, such as when grain is piled on the ground due to a lack of bin space.

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