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Louisiana Agricultural Commodities Commission

In 1982 the Louisiana Agricultural Commodities Commission (LACC) was established as the successor of the State Warehouse Commission. LACC is comprised of ten members, nine of which are nominated by various industries and appointed by the Commissioner. The tenth member is the Commissioner. LACC is charged with the responsibilities of regulating warehouses, cotton merchants, and grain dealers doing business in Louisiana. The commodities which the commission regulates are:

  • Cotton
  • Rye
  • Rice
  • Soybeans
  • Barley
  • Grain Sorghum
  • Corn
  • Wheat
  • Oats

* Also, any other agricultural commodity which the commission declares to be a commodity.

Prior to issuing licenses the LACC requires a financial statement, proof of provisional stock insurance, a bond to provide for monetary security and other support documents presented to the commission. All financial statements are carefully reviewed for financial stability to assure the Louisiana farmer payment for his product. LACC issues three types of licenses in accordance with Louisiana law. A warehouse license is issued to a person or entity operating a warehouse in which agricultural commodities are stored for the public for a fee. A cotton merchant license is issued to a person or entity that purchases or contracts to purchase cotton grown by farmers in the state. A grain dealer license is issued to a person or entity that purchases agricultural commodities from Louisiana farmers or represents Louisiana farmers in the sale of agricultural commodities.

Grain Inspection and Grading

The Louisiana Department of Agriculture and Forestry (LDAF) is an official service provider licensed by the federal government to sample and grade grains grown in Louisiana. LDAF inspectors are required to grade and sample agricultural commodities in accordance with the grain inspection standards established in the United States Grain Standards Act.

Official Samples can be obtained by two methods: the probe method after the carrier has been loaded or on-line sampling as the carrier is being loaded. Samples are graded by a variety of factors such as color, damage, amount of foreign material and odor. Upon completion of the grading, inspection certificates are issued for grains taken from a variety of storage units including barges, railcars, trucks and warehouses.

Seizure

The commission may effect seizure of the facilities of a licensee and act as receiver for a period of time under the following circumstances:

  1. Licensee does not have sufficient commodities to cover outstanding warehouse receipts and scale tickets marked for storage issued by the licensee.
  2. Licensee does not have sufficient funds to operate his business and is in imminent danger of being unable to continue to operate his business.
  3. Licensee is unable to fulfill his obligations to farmers.
  4. Licensee refuses to submit to a lawful inspection or audit ordered by the commission.

 

Louisiana Agricultural Commodities Commission Law

(RS 3:3401-3425)

CHAPTER 21. AGRICULTURAL COMMODITY DEALER

AND WAREHOUSE LAW
§3401. Short title

This Chapter may be cited as the Agricultural Commodity Dealer and Warehouse Law.
Added by Acts 1982, No. 563, §1, eff. Jan. 1, 1983.

 

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