Senate advances flat tax amendment
Grain Indemnity Fund Senate File 2401 is one of the bills we debated last week to help support farmers and the agriculture industry in our state. In 1986, the Grain Indemnity Fund was created during the farm crisis and acts similar to an insurance policy for the grain farmers store at grain elevators. Currently, all grain dealers and warehouse operators are required to participate in the Grain Indemnity Fund and pay fees on purchased or stored grain. If at the end of a fiscal year the fund exceeds $8 million, the fees are waived, but if the balance of the fund falls below $3 million, ...