DES MOINES, IOWA, U.S. — The Iowa Department of Agriculture and Land Stewardship on Oct. 26 took over as receiver of Heartland Crush, LLC in Marengo, Iowa, U.S., after the grain elevator and soybean crusher initiated the process of getting a grain dealer license but failed to complete it.
“Anyone who sold grain to the company and was not paid may file claims with the Department until Feb. 7, 2019, against any commodities or proceeds that are still held by the company,” the Iowa Department of Agriculture said. “Failure to timely file a claim shall defeat the claim unless excess proceeds remain after all timely claims are paid in full.”
Heartland Crush began crushing non-GMO soybeans on Aug. 1, 2017. The company said it has the capacity to crush 1.5 million bushels of non-GMO soybeans annually using a chemical free extrusion process. In May 2018 the company said it became 100% organic certified.
The Iowa Department of Agriculture said it plans to liquidate the company to pay off debt and settle current contracts with farmers.