Regulates grain marketing by setting fees for grain dealers and warehouse operators, and establishing a fund to reimburse sellers and depositors for.

The bill amends provisions regulating grain dealers and warehouse operators in Iowa. It establishes fees for grain dealers and warehouse operators, which are paid into the grain depositors and sellers indemnity fund. This fund is used to reimburse sellers and depositors for losses incurred due to the failure of a licensee to honor contractual obligations. The bill also outlines the process for filing claims and the conditions under which claims are eligible for payment. It specifies that sellers can claim up to 90% of their loss, not exceeding $300,000.

Regulates grain marketing by setting fees for grain dealers and warehouse operators, and establishing a fund to reimburse sellers and depositors for.

The bill amends provisions regulating grain dealers and warehouse operators in Iowa. It establishes fees for grain dealers and warehouse operators, which are paid into the grain depositors and sellers indemnity fund. This fund is used to reimburse sellers and depositors for losses incurred due to the failure of a licensee to honor contractual obligations. The bill also outlines the process for filing claims and the conditions under which claims are eligible for payment. It specifies that sellers can claim up to 90% of their loss, not exceeding $300,000.