Grain buyers financial reporting requirements modified.

HF 1063 modifies Minnesota's financial reporting requirements for licensed grain buyers. It mandates that grain buyers submit annual financial statements - including a balance sheet, income statement, and cash flow statement - prepared by an independent accountant. The required review level depends on annual grain purchases: buyers handling $7.5 million or more must undergo a review or audit, while those handling $20 million or more must have a full audit with an opinion statement. Small buyers purchasing under $1 million annually and paying with cash or certified checks are exempt from these reporting rules.