Section 02.02.12.480 - COMMODITY INDEMNITY FUNDThe Commodity Indemnity Fund applies to entities governed by Chapter 2, Title 69, Idaho Code, and Chapter 5, Title 69, Idaho Code, warehouses and dealers, respectively, unless otherwise specified.
01.Rate of Assessment. The rate of assessment is two-tenths of one percent (.2%) of the total value at the time of sale of the commodities pursuant to Section 69-257(2), Idaho Code. The maximum rate of assessment shall not exceed two-tenths of one percent (.2%) of the total gross dollar amount, without deductions, due the producer. The Director may establish a lower rate of assessment whenever he deems it advisable or as recommended by the advisory committee established by Section 69-261, Idaho Code.a. The rate of assessment on commodity withdrawn by its producer from open storage is one cent ($.01) per hundredweight (CWT) of commodity at the time of withdrawal.b. If the amount of the assessment for a producer on all deposits made in a calendar year is calculated to be less than fifty cents ($.50), no assessment will be collected. If deposits exceed the fifty cent ($.50) limit, all assessments will be collected.02.Exemptions to Assessments. Producers are not eligible to participate in CIF and no assessments can be collected in the following cases. a. If a producer has a financial or management interest in a licensed warehouse or licensed commodity dealer, except members of a cooperative marketing association qualified under Title 22, Chapter 26, Idaho Code.b. If a producer sells to another producer, none of which are a licensed warehouseman or a licensed commodity dealer.c. If a producer deposits or delivers commodity to an unlicensed entity pursuant to Title 69, Chapters 2 or 5, Idaho Code.d. Non-producers or producers delivering commodity that was grown on land not situated within the borders of the state of Idaho are exempt from paying assessments.Idaho Admin. Code r. 02.02.12.480