Senate Bill 1004 sets a 10-year limit on agricultural cooperatives holding member funds

Original title: Agriculture: marketing; length of time a cooperative may hold the funds of its members; limit.

Last action · May 21, 2026: REFERRED TO COMMITTEE ON NATURAL RESOURCES AND AGRICULTURESponsors: Edward McBroom and 4 others

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

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What This Bill Would Do

Agricultural cooperatives would be prohibited from holding members' money for more than 10 years under a proposed amendment to the Agricultural Marketing and Bargaining Act. Cooperatives currently in violation would be given two years from the act's effective date to return the funds to members. The bill also updates language regarding s for both producers and s.

Why it matters

Agricultural cooperative members face a strict statutory timeline for recovering held funds, while associations must restructure financial retention practices to comply with the 10-year cap and 2-year grace period.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

agricultural commodity producers

Producers gain a strict 10-year limit on how long associations can retain their funds and a mandatory 2-year timeline for the return of previously held funds.

Directly affected

agricultural marketing cooperatives

Associations must restrict their financial retention periods to a maximum of 10 years and return funds exceeding this threshold within two years of enactment.

Directly affected

handlers

Handlers remain subject to prohibitions against coercing producers, discriminating based on association membership, or refusing to bargain with accredited associations.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the maximum time an agricultural association can hold member funds under the bill?

An association cannot hold a member's money for more than 10 years after the date of receipt.

How long do associations currently holding funds past the limit have to comply?

Associations in violation before the effective date have 2 years after the effective date to return the money to members.

What agency investigates unfair practices related to agricultural marketing?

The department receives sworn complaints, conducts investigations, and holds hearings regarding alleged s.

What else do you want to know?

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Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

2 actions

May 21, 2026SenateCommittee
REFERRED TO COMMITTEE ON NATURAL RESOURCES AND AGRICULTURE
May 21, 2026SenateIntroduced
INTRODUCED BY SENATOR EDWARD MCBROOM

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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