Harvest time is quickly approaching as rows of corn and soybeans are slowly drying out across Indiana. Over the next few months, farmers will harvest their crops and haul them to local grain elevators to sell their 2013 bounty.
But like any area of commerce, things can go wrong in Indiana’s grain industry. Grain may not be accurately weighed going in and out of the elevator, creating a discrepancy between what farmers sell and what they get paid. Or, farmers may sell their grain to an elevator, and the promise of payment may go unfilled.
Since the early 1970s, the Indiana Grain Buyers and Warehouse Licensing Agency (IGBWLA) has worked to ensure that farmers are protected in the grain industry while creating an environment for the industry to be competitive, innovative and efficient. IGBWLA accomplishes this mission through issuing licenses to grain firms and auditing the licensed firms to ensure integrity and consistency in their business practices.