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Selling Agricultural Products: Selling Grain

Illinois Grain Insurance Fund: Protecting Farmers if an Elevator Fails
Donald L. Uchtmann and A. Bryan Endres
ALTB_08-05, July 2008
 

Abstract

This article describes the protections provided to farmers and lenders by the Illinois Grain Code in the event an Illinois-licensed grain elevator fails.
 
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Grain Contracts, High Prices, Floods and Failure to Deliver
Donald L. Uchtmann, A. Bryan Endres and Stephanie B. Johnson
ALTB_08-04, July 2008
 

Abstract

This article addresses important contract law questions that arise when a farmer’s crop is lost to floodwaters or when market prices rise much higher than the forward contract prices established months earlier.
 
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THE REVISED ILLINOIS GRAIN CODE: GREATER PROTECTION TO FARMERS AND LENDERS IF A GRAIN ELEVATOR FAILS
Donald L. Uchtmann and A. Bryan Endres
ALTB_03-02, December 2003
 

Abstract

This article describes the protections provided to farmers and lenders by the Illinois Grain Code in the event an Illinois-licensed elevator fails. These protections were changed significantly by Public Act 93-0225, effective July 21, 2003, which amended the Illinois Grain Code to incorporate lessons from the Ty-Walk elevator failure. A checklist of “Good Practices” designed to maximize these protections for farmers is included.
 
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THE REVISED ILLINOIS GRAIN CODE: NEW ASSESSMENTS ON FARMERS AND LENDERS
Donald L. Uchtmann and A. Bryan Endres
ALTB_03-01, December 2003
 

Abstract

This article discusses the new assessments imposed on both farmers and lenders under Public Act 93-0225, the 2003 amendments to the Illinois Grain Code. These assessments will restore solvency to the Illinois Grain Insurance Fund, which guarantees the payment of approved claims by farmers and lenders when an Illinois-licensed elevator fails. A link to the full text of the Illinois Grain Code is provided.
 
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