* 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.