This bill mandates that manufacturers of fertilizers, who are required to be licensed and sell registered brands in Iowa, must report specific pricing information to the Department of Agriculture and Land Stewardship (DALS) on a monthly basis. The required information includes the current price per ton of active ingredients, total quantities sold, the lowest and highest prices for each brand, and any terms of discounted sales agreements. Failure to comply with these reporting requirements will result in civil penalties, which DALS will assess in cooperation with the attorney general. The bill stipulates that penalties can reach up to $50,000 for each violation, with each day of non-compliance considered a separate offense.

Additionally, the bill empowers DALS to adopt emergency rules to facilitate its implementation, allowing these rules to take effect immediately upon filing unless a later date is specified. The provisions of the bill are deemed of immediate importance and will take effect upon enactment. This legislative action aims to enhance transparency in the fertilizer market and ensure compliance with state regulations.