Consumer Assistance | Energy | Telecom | Warehouse | Commission Actions | Miscellaneous

arrow Warehouse Division | previous page

Rapid changes in the farm economy have made the regulation of public warehouses more important than ever before. The most significant responsibility is overseeing the operation of various grain dealers and grain warehouses located throughout the state. The PUC supervises:

List of Currently Licensed Grain Warehouses/Grain Dealers Acrobat icon_pdf.gif (153 bytes)
List of Public Storage Licenses Acrobat icon_pdf.gif (153 bytes)

See links at the end of this page for downloadable laws, rules, forms and brochures

* The lists shown on this Web site are for informational purposes only and should not be used for solicitation purposes.

* Pursuant to SDCL 1-27-1 these lists may not be resold or redistributed. Violation of SDCL 1-27-1 is a Class 2 misdemeanor.

* Please note that these lists may change. We make every attempt possible to keep these lists current and up to date. It may be that everyone who is licensed with the commission may not be on this list. If you have a question about someone who is not on this list, please call the warehouse division at 605-773-5280 and we can verify whether that person or company is licensed.

Each state licensed elevator is required to post a warehouseman bond equal to one-half the local market value of the grain stored at all their locations. However, a warehouseman shall provide a minimum bond of no less than $25,000 at any one municipality or location. Each state licensed grain dealer is required to post a minimum $50,000 bond. General storage warehouses may post a bond based on their storage capacity or provide evidence that they are adequately insured.

State licensed warehouse elevators are required to file monthly grain storage reports for each licensed facility. The dollar amount of the warehouseman bond is monitored of the monthly report. Bond increases are done to meet the Commission requirements. The PUC warehouse staff consists of a division director, a division administrator, and two full-time inspectors.

Producer risk is reduced by the division's monitoring of grain dealer and warehouse financial statements. Problems are identified and addressed before the problem becomes overwhelming. Depending on the nature and severity of problems identified, the Commission may: 1) suspend, revoke or deny a license; 2) require additional coverage to compensate for increased risk; 3) impose limitation on management decisions when risks become excessive. The Commission regularly assists the industry with problems they encounter with the licensed grain dealers.

Laws and Rules:

Grain Dealer/Warehouse Application Forms and Instructions:

Publications: (in Adobe Acrobat)