Grain Journal - July/August 2008 - (Page 103) Kansas Grain Theft Rewards KGFA LAUNCHES MARKETING CAMPAIGN TO RE-ENERGIZE PROGRAM The Kansas Grain and Feed Association (KGFA/ 785-234-0461) recently launched a marketing campaign to re-energize its Grain Theft Reward Program that offers a cash reward for information leading to the arrest and conviction of any person responsible for the theft of commodities from a member’s facility. The original program offered a reward of up to $1,000, but the KGFA board of directors agreed to increase that amount to $10,000 to keep up with the rise in grain prices. High Prices Grain theft became a serious issue earlier this year in Kansas after thefts of wheat were reported from several locations in the western part of the state. At the time, wheat prices had undergone a huge runup in prices, topping $20 per bushel on the Minneapolis Grain Exchange and not far behind at the other two exchanges trading various types of wheat. The price of wheat since then has fallen to $8 per bushel, but that’s still more than double the prevailing price in Kansas over the last decade. Meanwhile, corn futures have topped $7 per bushel for the first time in history, so grain is likely to remain a tempting target for criminals. Appeal to Members In April, KGFA appealed to member companies to become “Reward Club Members,” by sponsoring $100 of any future rewards given by the association, not to exceed $500 in one year. The association also encouraged elevator managers to contact their local newspapers to publicize the program. Response No. 1031 Response No. 1032 J/A GJ 103 http://www.unionronworks.com http://www.unionronworks.com
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