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Department of Agriculture and Consumer Services


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Rules and Regulations Relating to Grain Dealers Licensing and Bonding Law [2 VAC 5 ‑ 250]
Guidance Documents   Periodic Reviews
Chapter Information
Description This regulation specifies the information about transactions in grain that grain delaers must record, for review by the Virginia Department of Agricuture and Consumer Services to ensure that Virginia farmers are promtly and properly paid and to serve as a basis for an accounting of amounts owned in the event of nonpayment by the grain dealer.
State Authority Sections 3.2-109 and 3.2-4763 of the Code of Virginia
Federal Authority None entered
Exempt from APA No, changes to this chapter are subject to the Administrative Process Act and the standard executive branch review process.
Text of Regulation Link to Virginia Administrative Code
Goals of Regulation 1. The protection of the public’s health, safety, and welfare with the least possible cost and intrusiveness to the citizens and businesses of the Commonwealth.

2. The having of a basis for determining whether the grain dealer has “promptly and properly paid” for grain that he has purchased from the farmer.

3. Requiring, in the case of default by the grain dealer, that records of transactions in grain be kept that will serve as the basis for ensuring that disbursements of the proceeds of the bond or letter of credit(used to ensure payment to the farmer for his grain and required by law) are properly made. (For specifics about the bond and letter of credit, see §§ 3.2-4755 through 3.2-4757 of the Code.)
Meetings

Contact Information
Name / Title: W. R. Sanford  / Grain Law Supervisor
Address: P. O. Box 1163
Richmond, VA 23218
Email Address: Randy.Sanford@vdacs.virginia.gov
Telephone: (804)786-3939    FAX: (804)371-7785    TDD: (800)828-1120
Current Actions
Action Title Latest Stage Status
None

Past Actions
Action Title Latest Stage Status
None