Ind. Code § 26-4-4-4
Producer premiums
Indiana · Indiana Code Title 26 — Commercial Law · Status: effective
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- Ind. Code § 26-4-4-4, Producer premiums, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1661276
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Full text
Sec. 4.
(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.