The Mississippi Grain Indemnity Act; establish.

An Act To Create New Section 75-46-1, Mississippi Code Of 1972, To Establish The "mississippi Grain Indemnity Act"; To Create New Section 75-46-3, Mississippi Code Of 1972, To Define The Relevant Terms Of This Act; To Create New Section 75-46-5, Mississippi Code Of 1972, To Create The Mississippi Grain Indemnity Board; To Outline The Purpose, Composition And Duties Of The Board; To Create The Mississippi Grain Indemnity Trust Fund Within The State Treasury; To Create New Section 75-46-7, Mississippi Code Of 1972, To Provide That The Grain Indemnity Trust Fund Shall Be Administered By The Board; To Create New Section 75-46-9, Mississippi Code Of 1972, To Provide That Beginning January 1, 2027, Grain Producers Will Be Charged An Assessment Equal To .2% Of All Marketed Grain That Is Sold To A First Purchaser Licensee; To Create New Section 75-46-11, Mississippi Code Of 1972, To Provide How Grain Assessments Shall Be Collected; To Create New Section 75-46-13, Mississippi Code Of 1972, To Provide That The Grain Indemnity Trust Fund Shall Not Fall Below $20,000,000.00 At The End Of The Fiscal Year; To Create New Section 75-46-15, Mississippi Code Of 1972, To Require That First Purchaser Licensees Must Maintain A Ledger Of All Assessments Collected; To Create New Section 75-46-17, Mississippi Code Of 1972, To Provide That Participation In The Grain Indemnity Trust Fund Is Voluntary, And How To Notify The Department If A Producer Does Not Want To Participate In Any Given Year; To Create New Section 75-46-19, Mississippi Code Of 1972, To Provide That The Commissioner Shall Be Responsible For Determining When A First Purchaser Licensee Has Failed Or When A Failure Has Occurred; To Provide Procedure Regarding How Notice Shall Be Given; To Create New Section 75-46-21, Mississippi Code Of 1972, To Authorize The Board To Promulgate Rules And Regulations Necessary For The Operation Of The Board And Adjudication Of Claims; To Create New Section 75-46-23, Mississippi Code Of 1972, T