Minnesota HF1428 requires excess funds in the grain indemnity account to be transferred to the agricultural emergency account.

Minnesota HF1428 amends the grain indemnity account rules, requiring the commissioner to transfer any excess funds over $15,000,000 to the agricultural emergency account if no claims have been paid in the previous 24 months. The bill also outlines conditions for reinstating and suspending premium payments based on the account balance, with a focus on economic hardship for producers.

Minnesota HF1428 requires excess funds in the grain indemnity account to be transferred to the agricultural emergency account.

Minnesota HF1428 amends the grain indemnity account rules, requiring the commissioner to transfer any excess funds over $15,000,000 to the agricultural emergency account if no claims have been paid in the previous 24 months. The bill also outlines conditions for reinstating and suspending premium payments based on the account balance, with a focus on economic hardship for producers.