Texas grain producers had the opportunity to vote in a referendum on the statewide establishment of a grain indemnity fund. The referendum opened for voting on Nov. 19, 2012 and closed Dec. 7, 2012 across the state.
Texas grain farmers elected not to establish a statewide grain indemnity fund. Click here for the complete news release
The grain indemnity fund would mitigate up to 90 percent of the financial losses suffered by producers of corn, sorghum, soybean and wheat when grain buyers failed to pay for grain due to a financial failure.
Video courtesy of the Texas Farm Bureau
*Note: This site references 2012 TGPIB rules and referendum information, and may not reflect any revisions made since.