Minnesota lawmakers will consider finance bills when they return to St. Paul this week. Funding for a soybean crush plant in Crookston, Minnesota along with two programs to help Minnesota dairy farms are just a few one-time investments included in the Minnesota omnibus Senate agriculture finance bill. Also included are protections for farmers and cooperative grain elevators. “At least once each year, there would be an inspection to verify the grain is at the elevator and things are correct. This would also require additional audits for companies with more than $5 million in business and financial reviews for smaller businesses,” explains Senate Agriculture, Rural Development and Housing Finance Committee chair Torrey Westrom. “We would require all board members to sign financial documents submitted to the Department of Agriculture on an annual basis.” Once the state legislative session reconvenes Tuesday, the agriculture finance bill is likely to be on the Senate floor for a vote quickly. If the bill is passed, it will go to conference committee.
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