SB 508 Summary

• Amends the Farm Produce Insurance Authority board composition by adding a voting member representing wheat producers, appointed by the governor with senate consent from recommendations of the largest Michigan organization exclusively representing wheat producers

• Establishes that the first wheat producer board member serves a 2-year term, with subsequent appointments following the standard 3-year terms

• Caps per diem compensation and mileage reimbursement for voting board members at $75.00 total, with voting members ineligible for other compensation for board service

• Maintains the board structure with 10 total members: 1 nonvoting director/chairperson, 1 nonvoting licensee representative, and 8 voting members representing general farmers, corn producers, soybean producers, dry bean producers, agricultural lenders, and wheat producers

• Act takes immediate effect as of November 7, 2023