MN Lawmakers Push for Flexible Reporting for Grain Buyers

A bill introduced during the Minnesota House would adjust the reporting requirements for smaller grain buyers and elevators. Representative Paul Anderson says the bill’s goal is to exempt small grain elevators and purchasers from costly audits if purchases are under a set amount. ” I think this bill strikes a balance between having an accounting system that provides adequate certainty of the finances, but it also strikes a balance of not being too aggressively expensive for our smaller elevators.” Minnesota Department of Agriculture Fruit, Vegetable, and Grain Program Supervisor Nicholas Milanowski believes the bill offers smaller operations more reporting options while avoiding unnecessary and costly reporting fees. “It allows us to accept different reporting structures for each of these grain buyers here in Minnesota.”