|This regulation specifies the information about transactions in grain that grain dealers must record for review by the Virginia Department of Agriculture and Consumer Services to ensure that Virginia farmers are promptly and properly paid and to serve as a basis for an accounting of amounts owned in the event of nonpayment by the grain dealer.
|Sections 3.2-109 and 3.2-4759 of the Code of Virginia
|Exempt from APA
|No, changes to this chapter are subject to the Administrative Process Act.
|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.)
|Name / Title:
|Olivia Wilson / Deputy Director, Commodity Services
P. O. Box 1163
Richmond, VA 23218
|(804)786-2112 FAX: (804)225-4434 TDD: (800)828-1120