Felony for brokering unlicensed grain buyers clears South Dakota Senate

January 21, 2022

PIERRE, S.D. (AP) — The South Dakota Senate unanimously passes a proposal to make it a felony for anyone who brokers a grain purchase with an unlicensed buyer.

The state requires grain buyers to have a license as part of a way to protect payments for farmers.

Authorities have said there is an increase in brokers, who set up the transaction for a commission, and some of them have used unlicensed grain buyers.

Officials considered requiring brokers to be licensed but settled on making it a class 5 felony as a deterrent. The maximum sentence would be five years in prison and a $10,000 fine.