Indiana § 26-4-4-4 Producer premiums

Indiana Statutes

§ 26-4-4-4 — Producer premiums

Indiana § 26-4-4-4

Title 26COMMERCIAL LAW

Art. 4GRAIN INDEMNITY PROGRAM

Ch. 4Indiana Grain Indemnity Fund

This text of Indiana § 26-4-4-4 (Producer premiums) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-4-4-4 (2026).

Text

(a)Except as provided in section 8 of this chapter, beginning on July 1, 2015, the producers of grain shall be charged a producer premium equal to two-tenths percent (0.2%) of the price on all marketed grain that is sold to a first purchaser licensee.

(b)The producer premiums required under this section are in addition to any other fees or assessments required by law.

(c)The amount of the producer premium must be calculated using the gross sales price of the grain, including all premiums and discounts for moisture, quality, variety, or any other characteristic of the grain. The producer premium must be calculated before the deduction of marketing assessments, storage, drying, cleaning, or any other service charge.

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(a) Except as provided in section 8 of this
chapter, beginning on July 1, 2015, the producers of grain shall be
charged a producer premium equal to two-tenths percent (0.2%) of the
price on all marketed grain that is sold to a first purchaser licensee.
(b) The producer premiums required under this section are in
addition to any other fees or assessments required by law.
(c) The amount of the producer premium must be calculated using
the gross sales price of the grain, including all premiums and discounts
for moisture, quality, variety, or any other characteristic of the grain.
The producer premium must be calculated before the deduction of
marketing assessments, storage, drying, cleaning, or any other service
charge.