Follow the steps below to set up the Iowa Indemnity Assessment to be in compliance with Iowa Code 203D. This setup will give the ability to automatically apply a Settlement Deduction only to bushels that have been produced in IA, delivered to a Company with an IA Grain Dealers license, and purchased on a cash basis.
- Add a Settlement Deduction at Grain / Setup / Settlement Deduction for the Indemnity Assessment. Enter the Rate/Unit of the assessment.
- Select the new Settlement Deduction at Grain / Setup / Preferences / Multi-Shrink Options tab that will be used for the Indemnity Assessment.
- Edit the Commodity at Grain / Setup / Commodity and check the Honor Indemnity Fund box for each Location that grain delivered will be assessed.
- If the Customer qualifies to be exempt from Indemnity Fund Assessment, edit the Customer, and on the Grain Information tab, check the Exempt From Indemnity Fund Assessment box.
