We are quickly approaching week 6, the first funnel of the legislative session. It was recently decided that the Iowa Supreme Court will be hearing the appeal for the recent grain lien court case; that gives some key legislators serious pause in taking up the issue this year and we aren't optimistic our language will be viable beyond next week.
Subcommittee: Representatives Ross Paustian, Rick Olson and Louie Zumbach- meeting on hold
House leadership has asked that create a compromise before moving ahead with subcommittee meetings
HF2047, Grain Lien + Storage Time Limit + Central Filing: UNCHANGED
Subcommittee: None set
Sets an end date on storage charges of March 1st (the year after the commodity is delivered):
After March 1, would revert to current law
Also pushes implementation of central filing for agriculture including, crops (grown in a field, on trees, vines or bushes), aquatic goods, livestock, supplies used or produced in a farming operation, and unmanufactured products of crops/livestock
Neighboring states with central filing have 2+ party checks for 60-75% of producers (data from NE & SD), versus 1.5-5% of Iowa's producers
Amendment provided in subcommittee that would only cover Deferred Payment contracts, not all credit-sale contracts, a second amendment is anticipated that would provide for a study before creating an expansion of the program
