# Rio Grande Valley farmers struggle to find grain storage after prominent facility files for bankruptcy protection

> Garcia Grains, a Donna-based grain storage and buying company in the Rio Grande Valley, filed for bankruptcy protection after an audit found $20 million of grain missing from its inventory. Its licence was suspended, and four of its locations are closed. Local growers expect less storage and fewer unloading points at harvest, and some farmers are unpaid.

- Date: 2023-04-04 · published 2023-04-04T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/36502-rio-grande-valley-farmers-struggle-to-find-grain-storage-after-prominent
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Fewer elevators in the Valley could lower local sorghum bids and raise handling costs at harvest, pressuring farm-gate prices for growers who depend on regional storage.

## Read by commodity

- SORGHUM: bearish ▼

## Sources

- borderreport.com: https://www.borderreport.com/news/trade/rgv-farmers-struggle-to-find-grain-storage-after-prominent-facility-files-for-bankruptcy-protection/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.