Introduced February 4, 2025
HB304
Log in to followAN ACT relating to soybean assessments.
Amend KRS 247.552 to increase the assessment on soybeans from one-fourth to one-half of one percent of the net market price per bushel.
Plain-language summary
This bill would double the assessment rate charged on soybeans sold in Kentucky, raising it from one-quarter of one percent to one-half of one percent of the sale price per bushel. These assessments are typically used to fund soybean promotion, research, and related agricultural programs. Who it may affect: soybean farmers and grain producers in Kentucky.
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Legislative History
Primary Sponsor
Ryan Bivens
Representative · House District 024
Co-sponsors (3)
David Hale
Representative · House District 074
John Hodgson
Representative · House District 036
J.T. Payne
Representative · House District 011
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