Grain Indemnity Fund Referendum - Vote THIS WEEK

There is a referendum by the Texas Grain Producers Indemnity Board (TGPIB) for eligible Texas producers of corn, sorghum, soybeans, and/or wheat, including grain sold for seed, to decide if a refundable assessment should be collected. Any producer that has sold grain since 2013 is eligible to vote.

How does it work? From the TDA website: 

If the referendum is approved, collection of the assessment at the set rate will begin on February 1, 2017, and continue until such time as the TGPIB notifies grain buyers to cease collection. Each grain buyer or grain elevator, including a purchaser, warehouseman, processor or commercial handler who buys grain from or stores unsold grain for a producer, shall collect the assessment by deducting the applicable percentage from the final sales price of the grain or from any funds advanced for that purpose. Producers who suffer losses as a result of the financial failure of a grain buyer can make a claim to the fund.

Read more information here! 

How do you vote? 

Voting takes place December 5-9 at Texas A&M Agrilife Extension county offices. Find your nearest Agrilife Extension office here!

 More information is available from the TGPIB website.