SIOUX CITY, Iowa ( IOWA CAPITAL DISPATCH ) - A Nebraska-based grain dealer with elevators in western Iowa has filed for Chapter 11 bankruptcy.

The Iowa Department of Agriculture and Land Stewardship said farmers have 120 days to file for indemnity if they had unpaid grain sold before Nov. 17 to Hansen-Mueller Co.

The Iowa Grain Indemnity Fund will pay farmers up to 90%, with a $400,000 maximum, for their sold grain in the event a state-licensed grain dealer goes broke before it can pay the farmer.

The Iowa Grain Indemnity Fund is supported by farmers who pay a per-bushel fee into the fund when it is below its lower boundary, which the Legislature raised this year to $8 million. The fund was depleted in 2023 due to the bankruptcy of a large dealer, but the Grain Indemnity Fund

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