This bill amends Minnesota Statutes section 223.25, subdivision 3, to require that any excess funds in the state's grain indemnity account be transferred to the agricultural emergency account under certain conditions.

Key provisions of the bill: - The grain indemnity premiums will be collected until the indemnity account reaches $15 million as of June 30 of any given year. - Collection of additional premiums will be suspended if the account balance is above $8 million, and may resume if it drops below that threshold. - If the account balance exceeds $15 million on June 30 of any given year and no claims have been paid in the past 24 months, the commissioner must transfer the excess funds to the agricultural emergency account. - Public notification requirements are in place for reinstating premium collection, including publication in the State Register and notifying licensees.

This bill ensures that excess funds from the grain indemnity account are reallocated to support agricultural emergencies when not needed for grain indemnity claims.