Dealers who purchase grain directly from producers must be licensed and bonded pursuant to the Mississippi Grain Dealers Law. Operations or individuals who are not licensed are prohibited from purchasing grain from producers in Mississippi.

Warehouses that store grain for the public in Mississippi are required to be licensed pursuant to the Grain Warehouse Law of Mississippi, unless the warehouse is licensed under the United States Warehouse Act. The law requires the warehouse to post the license in a conspicuous place in the office of the grain warehouse and requires that grain warehousemen must be bonded for financial and storage obligations and must maintain sufficient assets to cover potential losses. Bonding requirements of the law range from a minimum of $15,000 to, in general, a maximum of $1,000,000.

The Mississippi Grain Indemnity Trust Fund was established by the legislature to protect grain producers from financial losses caused by the failure of licensed grain dealers or warehouse operators.  The fund Provides a clear, uniform process for claims, payments, and oversight when a grain buyer or warehouse fails.  Producer participation is voluntary and assessments are collected by grain dealers or warehouse operators at the time of sale beginning January 1, 2027 at a rate of 0.2% of the price of all marketed grain sold to a first purchaser licensee.  Producers may opt out annually by March 1.

MS Licensed Grain Dealers (PDF)

MS Licensed Grain Warehouses (PDF)

Grain Warehouse Frequently Asked Questions (PDF)

US Standards for Corn and Soybean (PDF)

Grain Dealers and Warehouses Forms

Application for Grain Dealers License (PDF)

Application for Grain Warehouse (PDF)

Corn Assessment Submission Form (PDF)

Rice Assessment Submission Form (PDF)

Soybean Assessment Submission Form (PDF)

Grain Indemnity Forms – in progress

Grain Indemnity Infographic (PDF)

FAQ’s (in progress)

Opt-out Form (PDF)

Opt-out Form (Online)

Assessment Form Template (PDF) – Template only, similar forms may be used

Assessment Refund Request Form (in progress)

Grain Dealers and Warehouses Laws

MDAC laws and regulations can be found on our MDAC Laws & Regulations page.

Public access to the Mississippi Code can be found at the Mississippi Secretary of State’s website at https://www.sos.ms.gov/publications-external-affairs/mississippi-law.

Mississippi Grain Indemnity Act

               Mississippi Code Annotated Sections 75-46-1 to 75-46-37 Establishes a Grain Indemnity Trust Fund and provides a process by which producers growing and selling grain in the State of Mississippi can make claims for contract losses due to a failure of a grain dealer or grain warehouse licensed by the State.

Mississippi Grain Dealers Law

Mississippi Code Annotated Sections 75-45-301 to 75-45-315 Requires that grain dealers engaged in the business of buying grain from producers be licensed by the Department and bonded, unless the dealer is licensed under the United States Warehouse Act.

Mississippi Grain Warehouse Law

Mississippi Code Annotated Sections 75-44-1 to 75-44-71 Provides that no person shall operate a grain warehouse or issue a grain warehouse receipt without having first obtained a license from the Department, unless the warehouse is licensed under the United States Warehouse Act.

Mississippi Grain Inspection & Weighing

Mississippi Code Annotated Section 69-1-23  Designates the Department as the official inspection agency for grain crops. In addition, grain inspection personnel offers official weight supervision at points requesting this service.

For more information on the United States Grain Standards Act, go to USDA – Grain Inspection Service.