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MDA sets hearing for May 28 to establish payout plan

The Missouri Department of Agriculture has set an administrative hearing for 6:30 p.m. on Thursday, May 28, at the Gallatin High School to establish a payout plan for distributing the proceeds of bonds to farmers who lost money when the Gallatin Grain Company went out of business.

The Gallatin Grain Company warehouse bond is $184,000; the dealer’s bond is $223,000.

The MDA accepted 90-100 claims against Gallatin Grain Company, which

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