Louisiana 2020 2020 Regular Session

Louisiana Senate Bill SB212 Comm Sub / Analysis

                    RÉSUMÉ DIGEST
ACT 235 (SB 212) 2020 Regular Session	Cathey
Prior law (R.S. 3:3403) created the Louisiana Agricultural Commodities Commission within
the Department of Agriculture and Forestry consisting of nine members appointed by the
commissioner as follows:
(1)One warehouseman appointed from a list of three persons nominated by the Rice
Millers Association.
(2)One producer appointed from a list of three persons nominated by the La. Soybean
Association.
(3)One producer appointed from a list of three persons nominated by the La. Farm
Bureau Federation.
(4)One banker who is familiar with the financing of businesses which store or market
the commodities which are regulated under prior law, appointed from a list of three
persons nominated by the La. Bankers Association.
(5)One commodity trader who executes future trades related to a hedging program for
purchases or sales of commodities regulated under prior law, appointed from a list
of three persons nominated by the commissioner.
(6)One owner or operator of an elevator which handles both rice and soybeans,
appointed from a list of three persons nominated by the La. Rice Dryers Association.
(7)One owner or operator of an inland elevator or barge-loading river facility or a
licensed Louisiana grain dealer appointed from a list of three persons nominated by
the La. Ag Industries Association.
(8)One producer appointed from a list of three persons nominated by the American Rice
Growers Association.
(9)One cotton merchant appointed from the state at large.
New law changes the nominating authority for the producer appointed from a list of three
persons nominated by the La. Soybean Association to a list of three persons nominated by
the La. Cotton and Grain Association and otherwise retains prior law.
Effective upon signature of the governor (June 11, 2020).
(Amends R.S. 3:3403(A)(2))