CENTRAL FILING/AG LIENS: SSB 1151/HSB 130- OPPOSE: Passed out of subcommittee in both chambers
- Introduced by the Iowa Bankers Assn and Wells Fargo-- includes grain lien + central filing
- We are NOT pursuing grain priority lien language
- There has not been a compromise between lenders, buyers and farmers
- This bill is expansive: it includes all farm products and would require local sale barns, meat processors, grain buyers, etc. to check each farmer they're paying
Central filing would be governed by federal regulations in the Food Security Act of 1985
Pictured above, Tracy Gathman of Two Rivers Cooperative, talking to the virtual Senate subcommittee about the negative impact of central filing. Boyd Brodie of Key Cooperative and Bill Beukema of Stateline Cooperative also spoke during this meeting. Tracy and Boyd were also present at the House subcommittee meeting, pictured below. Photo credit: Matt Caswell of AGP
Thank you to the 50+ participants that showed up to listen, were willing to voice their concerns and reached out to legislative contacts on this bill. I promise, your communication is effective even when these bills pass through the subcommittee. You're being heard and it's making a difference!