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DES MOINES — The reinstatement of fees on grain sold to or deposited at Iowa-licensed grain dealers and warehouses as part of the Iowa Grain Depositors and Sellers Indemnity Fund
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A fee of a quarter-cent per bushel on initial grain sales is poised to go into effect Friday to rebuild a state fund that protects Iowa farmers from dealer and warehouse failures.
A quarter-cent-per-bushel fee on initial grain sales will rebuild a state fund that protects farmers from dealer and warehouse failures.
Fees on grain sold to or deposited at Iowa-licensed grain dealers and elevators will be reinstated beginning September 1, 2023, as part of the Iowa Grain Indemnity Fund.
Minnesota legislature drops $10 million into a grain indemnity fund to pay for losses when an elevator goes broke.