AGRICULTURE/GRAIN: Provides relative to the Grain and Cotton Indemnity Fund (EN NO IMPACT See Note)

Summary

The bill modifies the rules for the Grain and Cotton Indemnity Fund, pausing assessments when the Louisiana Agricultural Finance Authority’s balance reaches $12.25 million and restarting them if the balance falls below $10.22 million. It also raises the upper and lower balance thresholds for the authority. The changes aim to stabilize the fund’s finances for grain and cotton producers.

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