By Nebraska Public Service Commission
LINCOLN, Neb. – The Nebraska Public Service Commission approved an order today, May 19, determining claims against the $1 million grain dealer security of Hansen-Mueller Co.
The order follows a months-long process to identify, verify and evaluate claims submitted by Nebraska producers after Hansen-Mueller filed for Chapter 11 bankruptcy protection and ceased operating as a licensed grain dealer in the state.
In all, 12 Nebraska producers submitted verified claims for unpaid contracts and grain deliveries totaling $1,107,868. The Commission collected the full $1 million grain dealer bond previously held by Hansen-Mueller under its state license and will distribute those proceeds on a prorated basis. The resulting payments to producers will be approximately 90.43 cents per dollar of each approved claim.
“This outcome demonstrates the importance of Nebraska’s grain dealer regulatory framework,” said Commission Vice Chair Kevin Stocker. “While it’s unfortunate that not all losses can be fully recovered, the process ensured that every valid claim was carefully reviewed and that available funds will be distributed as fairly and efficiently as possible.”
The Commission opened the claims docket in February. Following public notice, affected producers and landowners were directed to submit claims and supporting documentation for review.
After confirming all known claimants had been identified and provided an opportunity to participate, the Commission held a public hearing in April. Evidence presented included contracts, scale tickets, reconciliation sheets and sworn affidavits demonstrating compliance with requirements for recovery under Nebraska law.
Based on that record, the Commission determined that all 12 claims filed with the agency met the requirements outlined in state law and are eligible for recovery through the grain dealer bond.
The Commission will disburse payments at the conclusion of required lien searches and any applicable appeal period.
No further official Commission action is expected in this docket. Hansen-Mueller’s bankruptcy proceedings and any related regulatory matters, however, may continue in other jurisdictions.