REYNOLDSBURG, Ohio – The Ohio Department of Agriculture suspended the agricultural commodity handlers license of Shepard Grain Co. Feb. 28 after a bank obtained a judgment against the establishment Feb. 27 for unpaid business loans in excess of $3 million.
The business is currently prohibited from handling grain.
Farmers with grain deposited at this facility should call David Simmons in the department’s Grain Warehouse Section at 1-800-282-1955 or at 614-728-6410.
Urbana based. Shepard Grain is privately owned and has an approximately 3 million bushel capacity. The company has a corporate location in Urbana and grain handling locations in West Liberty, Fletcher, and Thackery.
The bank is currently seeking appointment of a receiver, who would be authorized by the Miami County Common Pleas Court to take control of the assets and business affairs of the company.
Indemnity fund. When a licensed elevator becomes insolvent, the state ag department’s Grain Warehouse Section helps farmers with grain deposits at that elevator seek reimbursement through the state indemnity fund.
Information is available at the number listed above.
