Senate modifies grain indemnity reporting and bonding rules to ease audit burden on small elevators Lawmakers amended House File 2596 to allow grain elevators that do only cash sales an alternative to an unqualified audit (a financial statement plus CPA report and a $100,000 bond), raise bond for some credit/deferred‑pricing activities, and specify that interest earnings remain in the fund; supporters said the changes protect farmers while limiting compliance costs. The bill passed after amendment votes.

Iowa's Senate just passed a crucial amendment to the Grain Indemnity Fund, balancing farmer protections with practical compliance for small operators!

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