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 (HSB 131) creates financial safeguards for grain sellers and depositors when dealing with licensed Iowa grain dealers. It requires grain dealers using credit-sale contracts (including deferred-payment or deferred-pricing agreements) to submit audited financial statements to the state and obtain signed seller acknowledgments that their grain isn't covered by the indemnity fund. The bill establishes an indemnity fund funded by fees paid by grain dealers to reimburse sellers/depositors for losses if a dealer goes bankrupt or loses their license. It directly affects grain dealers, farmers selling grain, and grain depositors by setting clear financial reporting standards and defining the scope of fund protections.