VOTING OPEN FOR STATEWIDE REFERENDUM TO ESTABLISH A GRAIN INDEMNITY FUND FOR FARMERS
A referendum on the statewide establishment of a grain indemnity fund held by the Texas Grain Producers Indemnity Board opened today. The TGPIB referendum will be held from Nov. 19, 2012, until Dec. 7, 2012 across the state. The grain indemnity fund board may award up to 90 percent of the financial losses suffered by producers of corn, sorghum, soybean and wheat when grain buyers fail to pay for grain due to a financial failure. TGPIB was established as the result of legislation passed by the 2011 Texas legislature and signed into law by the…continue reading →