Milk, grain, and vegetable producers are all protected against financial defaults by contractors who contribute to the overall Fund. All producers could potentially benefit from a higher Fund balance.
DATCP Contact
David A. Woldseth
Department of Agriculture, Trade and Consumer Protection
P.O. Box 8911
Madison, WI 53708-8911
Telephone (608) 224-5164
Where and When Comments May Be Submitted
Questions and comments related to this rule may be directed to:
David A. Woldseth
Department of Agriculture, Trade and Consumer Protection
P.O. Box 8911
Madison, WI 53708-8911
Telephone (608) 224-5164
Rule comments were accepted for two weeks after the public hearing.
Section 1. ATCP 99.235 (2) is amended to read:
ATCP 99.126(2)(2) assessment amount.
ATCP 99.126(2)(a)(a) A contributing grain warehouse keeper who operates grain warehouses with a combined capacity of less than 500,000 bushels shall pay an annual fund assessment equal to the greater of the following amounts: ATCP 99.126(2)(a)2. 2. The If the fund balance attributable to grain warehouse keepers is less than $1 million on May 31 of the last preceding license year, then the sum of the amounts calculated under s. 126.30 (1) (a) and (b), Stats., multiplied by 1.5. ATCP 99.126(2)(b) (b) A contributing grain warehouse keeper who reports at least 500,000 bushels shall pay an annual fund assessment equal to the greater of the following amounts: ATCP 99.126(2)(c)2. 2. The If the fund balance attributable to grain warehouse keepers is less than $1 million on May 31 of the last preceding license year, then the sum of the amounts calculated under s. 126.30 (1) (a) and (1) (b), Stats. Section 2. ATCP 99.235 (4) (b) is amended to read:
(b) The fund balance attributable to grain warehouse keepers was at least $3 million $500,000 on May 31 of the last preceding license year.
Section 3. ATCP 100.135 (1) is repealed and recreated to read:
(1) General. A contributing milk contractor shall pay an annual fund assessment for each license year. The annual fund assessment shall be calculated under this section, rather than under s. 126.46, Stats. Except as provided in sub. (6) or (10), or s. ATCP 100.13, the annual fund assessment amount shall equal the sum of the assessments in subs. (1e) and (1m). (1e) Basic assessment. A contributing milk contractor shall pay a basic assessment equal to the minimum assessment amount listed in sub. (9) or the sum of the following multiplied by 0.8, whichever is greater:
a. The milk contractor's current ratio assessment. The current ratio assessment for a license year equals the milk contractor's current ratio assessment rate under sub. (2) multiplied by the annual milk payroll obligations reported under s. 126.41 (6) (a), Stats., in the milk contractor's license application for that license year. b. The milk contractor's debt to equity ratio assessment. The debt to equity ratio assessment for a license year equals the milk contractor's debt to equity ratio assessment rate under sub. (4) multiplied by the annual milk payroll obligations reported under s. 126.41 (6) (a), Stats., in the milk contractor's license application for that license year. Section 5. ATCP 100.135 (1m) is created to read:
ATCP 100.135(1)(b)(1m) Deferred payment assessment. A contributing milk contractor shall pay a deferred payment assessment under s. 126.485 (5), Stats., equal to the amount the milk contractor reports under s. 126.41 (6) (ag), Stats., in the milk contractor’s license application for that license year multiplied by 0.0035. Section 6. ATCP 100.135 (10) (intro.) is amended to read:
(10) Exemption. A contributing milk contractor is not required to pay any fund assessment under this section for a license year, other than a deferred payment assessment required under sub. (1m), if all of the following apply:
Section 7. Effective date: This rule takes effect on the first day of the month following publication in the Wisconsin administrative register, as provided in s. 227.22 (2) (intro.), Stats.
