Chapter 126 — AGRICULTURAL PRODUCER SECURITY

126.01 General definitions. In this chapter: (1) “Affiliate” means any of the following persons: (a) An owner, major stockholder, partner, officer, director, member, employee, or agent of a contractor. (b) A person owned, controlled, or operated by a person under par. (a). (2) “A…

126.05 Agricultural producer security fund. (1) The fund is a public trust and shall be administered to secure payments to producers. Moneys deposited into the fund may be used only for the purposes of this chapter. (2) The department shall deposit into the fund all fees, surchar…

126.06 Contingent financial backing. (1) DEPARTMENT MAY ACQUIRE. Using moneys appropriated under s. 20.115 (1) (v), the department may acquire contingent financial backing to secure payment under s. 126.72 (2) of claims against contributing contractors, as defined in s. 126.68 (1…

126.10 Definitions. In this subchapter: (1) “Cash on delivery” means full cash payment for grain when the grain dealer takes custody or control of the grain. (2) “Cash payment” means payment in any of the following forms: (a) Currency. (b) A cashier’s check or a check that a bank…

126.11 Grain dealers; licensing. (1) LICENSE REQUIRED. Except as provided in sub. (2), no grain dealer may procure producer grain in this state without a current annual license from the department. (2) EXEMPT GRAIN DEALERS. The following grain dealers are not required to hold a l…

126.12 Grain dealers; insurance. (1) FIRE AND EXTENDED COVERAGE INSURANCE. A grain dealer licensed, or required to be licensed, under s. 126.11 shall maintain fire and extended coverage insurance, issued by an insurance company authorized to do business in this state, that covers…

126.13 (6) (c) 1. (5) “Debt to equity ratio” means the ratio of the value of liabilities to equity, calculated according to s. 126.13 (6) (c) 2. (6) “Deferred payment contract” means a contract for the procurement of grain under which a grain dealer takes custody or control of pr…

126.14 (2). (4) “Current ratio” means the ratio of the value of current assets to the value of current liabilities, calculated according to s.

126.15 Contributing grain dealers; fund assessments. (1) GENERAL. A contributing grain dealer shall pay an May 22, 2026, are designated by NOTES. (Published 5-22-26) 126.15 AGRICULTURAL PRODUCER SECURITY annual fund assessment for each license year. Except as provided in sub. (6m…

126.16 (1) (c) 1. (b) Multiply the amount of the assessment determined under sub. (1) by the amount determined under par. (a). (7) QUARTERLY INSTALLMENTS. (a) A contributing grain dealer shall pay the grain dealer’s annual fund assessment in equal quarterly installments that are …

126.18 (2) for at least 6 years after the records are created. (b) A grain dealer shall make records required under this section available to the department for inspection and copying upon request. History: 2001 a. 16; 2009 a. 296. 126.18 Grain dealers; receipts for grain. (1) RE…

126.19 Grain dealers; deferred payment contracts. (1) CONTRACT IN WRITING. A grain dealer may not procure grain from any grain producer or producer agent under a deferred payment contract before the contract is reduced to writing and signed by the parties. The grain dealer shall …

126.21 Grain producer obligations. (1) DELIVERY PER CONTRACT. No grain producer or producer agent who contracts to sell and deliver grain to a grain dealer at an agreed price may wrongfully refuse to deliver that grain according to the contract. (2) DISCLOSURE OF LIENS AND SECURI…

126.25 Definitions. In this subchapter: (1) “Capacity” means the maximum amount of grain, measured in bushels, that can be stored in a grain warehouse. The capacity of a grain warehouse is determined by dividing the cubic volume of all bins, expressed in cubic feet, by 1.244 cubi…

126.26 (1) to file an interim financial statement with the department. An interim financial statement need not be a reviewed financial statement or an audited financial statement. (5) GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. (a) Except as provided in par. (b), a grain warehouse …

126.28 (6) (c) 1. (4) “Debt to equity ratio” means the ratio of the value of liabilities to equity, calculated according to s. 126.28 (6) (c) 2. (5) “Depositor” means any of the following: (a) A person who delivers grain to a grain warehouse keeper for storage, conditioning, ship…

126.29 (2). (8) “Grain warehouse” means a facility in this state that is used to receive, store, or condition grain for others or that is used in the shipment of grain for others, except that “grain warehouse” does not include a transport vehicle. (9) “Grain warehouse keeper” mea…

126.30 Grain warehouse keepers; fund assessments. (1) GENERAL. A contributing grain warehouse keeper shall pay an annual fund assessment for each license year. Except as provided in sub. (5m), the assessment equals $20 or the sum of the following, whichever is greater, unless the…

126.31 Grain warehouse keepers; security. (1) SECURITY REQUIRED. (a) A grain warehouse keeper shall file security with the department, and maintain that security until the department releases it under sub. (8), if all of the following apply when the department first licenses the …

126.32 Grain warehouse keepers; records. (1) RECORDS AND ACCOUNTS; GENERAL. A grain warehouse keeper shall maintain current, complete, and accurate records and accounts of all grain received into and withdrawn from each grain warehouse, including records required under subs. (2) …

126.33 Receipts for grain. (1) REQUIREMENT. Immediately after a grain warehouse keeper receives grain from a depositor, the grain warehouse keeper shall give the depositor a warehouse receipt or other storage receipt that includes all of the following: (a) The name and permanent …

126.34 Grain warehouse keepers; business practices. (1) GRAIN WEIGHT, GRADE, AND QUALITY. A grain May 22, 2026, are designated by NOTES. (Published 5-22-26) 17 Updated 23-24 Wis. Stats. warehouse keeper shall do all of the following when determining the weight, grade, or quality …

126.40 Definitions. In this subchapter: (1) “Contributing milk contractor” means a milk contractor who is licensed under s. 126.41 (1), who has not been disqualified from the fund under s. 126.45 (3), and who either: (a) Has paid one or more fund assessments under s. 126.46. (b) …

126.41 (6) (b) 1. or 126.47 (5m) (b) 1., that the milk contractor had at any time during the last 12 months. 2. If the milk contractor reports monthly milk payroll obligations under ss. 126.41 (6) (b) 2. and 126.47 (5m) (b) 2., the highest amount of milk payroll obligations, repo…

126.42 Milk contractors; monthly license fee. (1) MONTHLY LICENSE FEE PAYMENT. Except as provided under sub. (5) or (6), a milk contractor licensed under s. 126.41 (1) shall pay to the department, by the 25th day of each month, a monthly license fee of 0.15 cent for each 100 poun…

126.43 Milk contractors; insurance. (1) FIRE AND EXTENDED COVERAGE INSURANCE. A milk contractor licensed under s. 126.41 (1) shall maintain fire and extended coverage insurance that covers, at their full value, all milk and milk products in the possession, custody, or control of …

126.44 (8) (c) 1. (3) “Dairy farm” has the meaning given in s. 97.22 (1) (a). (4) “Dairy plant” has the meaning given in s. 97.20 (1) (a). (5) “Dairy plant operator” means a person who holds or is required to hold a dairy plant license under s. 97.20. (6) “Debt to equity ratio” m…

126.45 (1) (a). (b) To qualify for a lower fund assessment under s. 126.46. (3) QUARTERLY FINANCIAL STATEMENTS. A milk contractor licensed under s. 126.41 (1) who is not a contributing milk contractor shall file quarterly financial statements with the department for the first 3 q…

126.46 Contributing milk contractors; fund assessments. (1) GENERAL. A contributing milk contractor shall pay an annual fund assessment for each license year, including an assessment for deferred payment contracts entered into under s. 126.485, in the amount specified by the depa…

126.47 (7) (a). (b) A milk contractor is disqualified from the fund if the department does any of the following: 1. Denies, suspends, or revokes the milk contractor’s license. 2. Issues an order under s. 126.85 disqualifying the milk contractor from the fund. (4) EFFECT OF DISQUA…

126.48 Milk contractors; payments to producers. (1) FIRST MONTHLY PAYMENT. Except as provided under the terms of a deferred payment contract that satisfies the requirements under s. 126.485, by the 4th day of each month, a milk contractor shall pay for producer milk received duri…

126.485 Milk contractors; deferred payment contracts. (1) CONTRACT IN WRITING. A milk contractor may not procure milk from any milk producer or producer agent under a deferred payment contract before the contract is reduced to writing and signed by the parties. The milk contracto…

126.487 Payment explanation. The department may, by rule, require a milk contractor to provide a milk producer or producer agent with a written explanation of each payment under s. 126.48 or of each deferred payment under s. 126.485. The department may specify the content of the …

126.49 Milk contractors; records and reports. (1) REQUIRED RECORDS. A milk contractor shall keep accurate records and accounts of milk receipts, payments for milk received, and amounts owed to milk producers. The department may, by rule, specify records that a milk contractor mus…

126.50 Milk contractors; prohibited practices. No milk contractor, or officer, employee, or agent of a milk contractor, may do any of the following: (1) Falsify any record or account, or conspire with any other person to falsify a record or account. (2) Make any false or misleadi…

126.51 Rules for qualified producer agents. The department shall promulgate rules specifying requirements for qualified producer agents, including a requirement that a qualified producer agent have a written contract with each milk producer from whom the qualified producer agent …

126.55 Definitions.

126.56 Vegetable contractors; licensing.

126.57 Vegetable contractors; insurance.

126.58 Vegetable contractors; financial statements.

126.59 Contributing vegetable contractors; disqualification.

126.595 Processing potato buyer optional nonparticipation. 126.60 Contributing vegetable contractors; fund assessments. 126.61 Vegetable contractors; security. 126.62 Vegetable contractors; records. 126.63 Vegetable contractors; business practices. 126.64 Vegetable contractors; p…