I have two negative experiences with old malt, but they were both packaging issues. One was open in a shed in Florida in the summer and was crawling with roaches. I used it anyway and got poor efficiency, but it tasted OK. The other was also treated the same way, but I think the maltster may not have dried it well enough, so that and the humidity here made it soft instead of crunchy. Efficiency also suffered, but taste was good.
So if the container was sealed properly and the grain isn't soft, it's fine.