Malatya Haber Referendum may establish a grain indemnity fund for farmers
Home News Livestock Crops Markets Hay, Range & Pasture Home & Family Classifieds Resources This Week's Journal
Commerical Hay Equipment For The Farm
Agro-Culture Liquid Fertilizer



Farm Survey


AgriMartin
Journal Getaways




Reader Comment:
by Greater Franklin County

"Thanks for picking up the story about our Buy One Product Local campaign --- we're"....Read the story...
Join other discussions.

Referendum may establish a grain indemnity fund for farmers

Texas

The Texas Grain Producers Indemnity Board is holding a referendum on the statewide establishment of a grain indemnity fund. The TGPIB referendum will be held from Nov. 19 until Dec. 7 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. The TGPIB was established as the result of legislation passed by the 2011 Texas legislature and signed into law by the governor. Rep. Larry Phillips of Sherman and Sen. Craig Estes of Wichita Falls introduced the legislation after a series of grain buyer financial failures in recent years resulted in millions of dollars in losses to Texas grain producers.

Eligible voters in the referendum will vote to establish an assessment rate within a range of 0.2 percent to 0.6 percent of the final sales price of grain. The assessment, which will be set each year by the TGPIB, will be collected and remitted to the TGPIB effective Feb. 1, 2013.

Any producer who has produced corn, sorghum, soybeans or wheat within the last 36 months is eligible to vote. This includes owners of farms on which grain is produced or an owner's tenant or sharecropper engaged in the business of producing grain or causing grain to be produced for commercial purposes.

The referendum will be held by mail ballot. Ballots will be available at all Texas A&M AgriLife Extension Service county offices during regular business hours.

For a ballot to be valid, it must be mailed to the Texas Department of Agriculture, P.O. Box 12847, Austin, Texas, 78711, with a postmark date of no later than Dec. 7.

For more information regarding the referendum, please contact the Texas Department of Agriculture, P.O. Box 12847, Austin, Texas, 78711 or call 512-463-3285. To learn more about TGPIB and the indemnity fund, visit www.TexasGrainIndemnity.org.

Date: 10/15/2012



Google
 
Web hpj.com

Copyright 1995-2014.  High Plains Publishers, Inc.  All rights reserved.  Any republishing of these pages, including electronic reproduction of the editorial archives or classified advertising, is strictly prohibited. If you have questions or comments you can reach us at
High Plains Journal 1500 E. Wyatt Earp Blvd., P.O. Box 760, Dodge City, KS 67801 or call 1-800-452-7171. Email: webmaster@hpj.com

 

Archives Search


Advertisement
NCBA Convention

United Sorghum Checkoff Program

Inside Futures

Editorial Archives

Browse Archives