Current through September 2, 2024
Section 02.02.12.481 - HOW ASSESSMENTS ARE TO BE CALCULATEDAssessments shall be collected by all warehouses from all producers who deposit commodities for storage or sale. Assessments are calculated as follows:
01.Cash Sale or Credit Sale Contract. In a cash sale or credit sale contract on the contract price of the commodity at the time of sale.02.Open Storage or Deposit for Service. When commodity is withdrawn from storage by the producer, the assessment will be one cent ($.01) per hundred weight (CWT) at the time of withdrawal.03.Unpaid Assessments. If any assessment is unpaid and a failure occurs, the amount of the unpaid assessment will be deducted from any CIF recovery paid to the producer.04.Incidental Costs and Expenses. All incidental costs and expenses including, but not limited to transportation, cleaning, in and out charges, insurance, taxes or additional services or charges are not included in the calculation to determine the assessment.Idaho Admin. Code r. 02.02.12.481