IOWA COMPANY, WITH GRAIN SITE IN HAIGLER, SURRENDERS NEBRASKA GRAIN DEALER LICENSE

Lincoln, October 12, 2022 – Global Processing Inc., of Kanawha,
Iowa, Wednesday, October 12, surrendered its Nebraska Grain
Dealer License to the Nebraska Public Service Commission (PSC).
The company owns and operates facilities in both Lexington and
Haigler.

On October 7, members of the PSC grain Department conducted
an examination of the Haigler, and Lexington facilities followed
by a detailed accounting of the company’s financial records which
determined Global Processing, Inc., was operating with insufficient
funds to cover its grain purchases in Nebraska.

“Through discussions with company management, it was determined
that it was in the best interest of Nebraska producers/sellers that the
company no longer be allowed to do business as a grain dealer in
our state,” said Commission Chair Dan Watermeier.

By surrendering its license, Global Processing Inc., cannot take any
action that would classify it as a grain dealer in the state, including,
but not limited to buying grain from producers/sellers with the intent
to sell such grain.

Commission Watermeier said, “If you are a producer/seller who may
have done business with this company and has any questions we
would encourage you to contact the PSC grain department.”