IA
Iowa House Bill HF2355

Iowa 2023-2024 Regular Session

Iowa House Bill HF2355

Introduced
2/7/24  
Introduced
2/7/24  

Caption

A bill for an act allowing a corn producer to choose not to participate in the promotional order otherwise requiring the first purchaser to deduct a state assessment imposed on the per bushel sales price that is forwarded to the Iowa corn promotion board, and making penalties applicable.

Impact

The implications of HF2355 are potentially significant for both corn producers and first purchasers in Iowa. Producers who choose to participate in the nonparticipation option could experience increased profits as they would not be subject to the state assessment deductions. This shift may lead to fluctuations in how promotional funds for corn are collected and utilized, affecting the Iowa corn promotion board's ability to fund marketing initiatives, research, and education aimed at enhancing corn production and market share. As the assessments are linked to promotional efforts and market growth, the future viability of such initiatives may be impacted if significant numbers of producers choose to opt out of participation.

Summary

House File 2355, introduced by Representative Hora, allows corn producers to opt out of a mandatory state assessment that is typically deducted from their sales price of corn. Specifically, the bill enables producers to apply for a certificate of nonparticipation to exempt them from this deduction. The first purchasers of corn, when presented with this certificate, will not be accountable for deducting the state assessment from the purchase price, which currently stands at 1 cent per bushel with a maximum of 3 cents. This adjustment in policy aims to give producers greater flexibility in managing their financial responsibilities regarding marketing their corn products.

Contention

While proponents of HF2355 argue that it offers necessary relief and choice to corn producers, concerns have been raised about the long-term effects on state funding for corn promotion. Opponents may argue that allowing producers to opt out of the assessment could undermine the funding stability that the Iowa corn promotion board relies upon to promote corn and ensure market vitality. Additionally, there is a concern about potential penalties for those who might inadvertently violate provisions of the bill by improperly deducting assessments, which could classify such actions as simple misdemeanors, subjecting them to fines.

Latest IA HF2355 Activity

View All Events: IA 2023-2024 Regular Session HF2355

Companion Bills

No companion bills found.

Previously Filed As

IA HSB132

A bill for an act relating to the powers and duties of the Iowa sheep and wool promotion board, by changing its name to the Iowa sheep promotion board, eliminating the assessment on wool, changing the assessment rate on sheep, and providing for the collection and expenditure of moneys imposed by the assessment.(See HF 800.)

IA HF800

A bill for an act relating to the powers and duties of the Iowa sheep and wool promotion board, by changing its name to the Iowa sheep promotion board, eliminating the assessment on wool, changing the assessment rate on sheep, and providing for the collection and expenditure of moneys imposed by the assessment.(Formerly HSB 132.)

IA SSB1133

A bill for an act relating to the powers and duties of the Iowa sheep and wool promotion board, by changing its name to the Iowa sheep promotion board, eliminating the assessment on wool, changing the assessment rate on sheep, and providing for the collection and expenditure of moneys imposed by the assessment.

IA HF2513

A bill for an act authorizing the Iowa sheep and wool promotion board to issue orders for the suspension and recommencement of the assessment imposed on wool, and including effective date provisions.(Formerly HSB 687.)

IA HSB687

A bill for an act authorizing the Iowa sheep and wool promotion board to issue orders for the suspension and recommencement of the assessment imposed on wool, and including effective date provisions.(See HF 2513.)

IA HSB279

A bill for an act providing for the regulation of hemp products, and making penalties applicable.

IA HSB665

A bill for an act providing for the regulation of hemp and hemp products, providing penalties, and making penalties applicable.(See HF 2605.)

IA SSB3159

A bill for an act providing for the regulation of hemp and hemp products, providing penalties, and making penalties applicable.(See SF 2352.)

IA SF556

A bill for an act providing for financing of certain agricultural commodity programs, by reducing and eliminating fees imposed on licensed grain dealers and warehouse operators, replacing those moneys with moneys collected from a percentage of state assessments imposed on the sale of corn, increasing moneys deposited into the grain depositors and sellers indemnity fund, increasing indemnification amounts, and making appropriations.(Formerly SSB 1205.)

IA SSB1205

A bill for an act providing for financing of certain agricultural commodity programs, by reducing and eliminating fees imposed on licensed grain dealers and warehouse operators, replacing those moneys with moneys collected from a percentage of state assessments imposed on the sale of corn and soybeans, increasing moneys deposited into the grain depositors and sellers indemnity fund, increasing indemnification amounts, and making appropriations.(See SF 556.)

Similar Bills

No similar bills found.