The Mississippi Grain Indemnity Act; establish.

SB 2631 establishes the Mississippi Grain Indemnity Act to protect grain producers (corn, soybeans, wheat) when licensed grain buyers fail to pay. Starting January 1, 2027, producers who choose to participate will pay a 0.2% assessment on marketed grain sold to licensed buyers, funding a state-administered trust fund. The fund must maintain at least $20 million annually to cover claims for unpaid grain sales or storage losses when buyers become insolvent or fail to pay. Claims are processed by a newly created board, with payments made pro-rata if funds are insufficient, and producers may opt out annually by notifying the state.