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90th General Assembly · Funnel one-pager · Monday, November 9, 2026

SF 556: Providing for financing of certain agricultural commodity programs, by reducing and eliminating fees imposed on licensed grain dealers and warehouse operators, replacing those moneys with moneys collected from a percentage of state assessments imposed on the sale of corn, increasing moneys deposited into the grain depositors and sellers indemnity fund, increasing indemnification amounts, and making appropriations

Died when the session ended · The General Assembly adjourned on April 19, 2024. Bills that didn’t pass both chambers died.

What it does

BACKGROUND —— GRAIN DEPOSITORS AND SELLERS INDEMNITY FUND. This bill amends provisions regulating grain dealers purchasing grain (Code chapter 203), and grain warehouse operators storing grain under bailment (Code chapter 203C). A grain dealer or warehouse operator must do business in this state under a license issued by the department of agriculture and land stewardship (DALS).33).6). Upon a determination that the claim is eligible for payment, the Iowa grain indemnity fund board (indemnity board) provides for payment of percent of the loss, but not more than $300,000.

Sponsors

Ways and Means committee

Cost

See the fiscal note

0 million statutory maximum. However, there may be an unknown number of claims that reduce the balance of the Fund, which would increase the time it would take for the Fund to reach its statutory maximum.

Senate subcommittee · named January 9, 2024

  • Sen. Dawn Driscoll (R) · dawn.driscoll@legis.iowa.gov
  • Sen. Pam Jochum (D)
  • Sen. Jason Schultz (R) · jason.schultz@legis.iowa.gov

Lobbying · 0 for, 15 against

Against: Agribusiness Association of Iowa; Bayer U.S. LLC; Corteva Agriscience; Iowa Biodiesel Board; Iowa Cattlemen's Association; Iowa Corn Growers Association; Iowa Department of Agriculture & Land Stewardship; Iowa Institute for Cooperatives; Iowa Pork Producers Association; Iowa Soybean Association; Iowa State Dairy Association; Iowa Turkey Federation; and 3 more

In plain words

  1. March 23, 2023Filed in the Senate
  2. March 23, 2023Approved by the Senate committee
  3. April 5, 2023Cost estimate (fiscal note) posted
  4. June 5, 2023Sent to the Senate Ways and Means committee
  5. January 9, 2024Senate subcommittee named: Driscoll, Jochum and Schultz

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/90/SF556