The Iowa Department of Agriculture and Land Stewardship has immediately suspended the grain dealer license for The Redwood Commodities Group, LLC of Mission, Kansas. As a result of this action, Redwood Commodities Group is forbidden to operate as a grain dealer within Iowa until further order of the Department and must surrender any grain dealer certificates to the Department.
The suspension is based upon the company’s failure to file the required information with the Grain Warehouse Bureau in accordance with Iowa Code 203. The Redwood Group’s license was suspended in accordance with Iowa Code Chapter 203. A hearing on the Department’s action is set for June 25, 2018.
If there are any producers or companies that have unfulfilled contracts with Redwood Commodities LLC, they are encouraged to get in contact with the Iowa Department of Agriculture and Land Stewardship.
The Iowa Department of Agriculture and Land Stewardship’s Grain Warehouse Bureau regulates and examines the financial solvency of grain dealers and grain warehouse operators. The functions of the Bureau include: warehouse licensing, warehouse examination, grain dealer licensing and grain dealer examinations.