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 procures milk in this state and that the contract disclose all of the following:
(1) That the producer agent does not take title to the milk producer’s milk.
(2) That the producer agent holds all milk receipts in trust for milk producers.
(3) That the producer agent’s obligations to milk producers are not secured or indemnified under this chapter to the same degree as are the obligations of other milk contractors.