A bill for an act providing for the marketing of grain by licensed warehouse operators and grain dealers, including by providing for indemnity fees and the indemnification of grain depositors and sellers for losses following the cessation of a license or bankruptcy.

This bill updates regulations for licensed grain dealers and warehouse operators, affecting grain depositors and sellers. It defines new contract types, such as "deferred-payment" and "deferred-pricing" contracts, and adjusts payment timelines for grain purchases. The bill also clarifies which grain sales are protected by the state's indemnity fund, specifically stating that deferred-payment contracts are not covered, and increases the bond amount for some grain dealers.