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Grain referendum voting closes Dec. 7
AUSTIN -- Agriculture Commissioner Todd Staples of the Texas Department of Agriculture reminds grain producers of the statewide referendum on the establishment of a statewide grain indemnity fund that closes Friday, Dec. 7. The fund is a method for grain producers to self-insure against the financial risk associated with placing their grain on deposit with a storage facility.
If approved, each year, the Texas Grain Indemnity Board will determine an assessment rate between 0.2 percent and 0.6 percent of the final sales price of the grain. Producers who suffer losses as a result of a financial failure of a grain buyer can make a claim to the indemnity board fund.
Grain producers who have sold grain in the past 36 months are eligible to vote in the referendum.
Voting for the grain indemnity fund will be conducted by mail ballot. Postage-paid ballots are available at Texas A&M AgriLife Extension offices. For those unable to access an AgriLife office, a ballot may be requested from the Texas Department of Agriculture by contacting Lance Williams at Lance.Williams@TexasAgriculture.gov or 512-463-3285.
Valid ballots must be postmarked no later than Friday, Dec. 7, and mailed to the Texas Department of Agriculture, P.O. Box 12847, Austin, TX 78711.
Ballots will be counted Monday, Dec. 17, and Staples will certify the results.
For more information, visit www.texasgrainindemnity.org.
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