AUSTIN - A new state board to protect Texas grain producers met for the first time this month.
The newly appointed Texas Grain Producer Indemnity Board recently met for the first time to discuss strategies for helping Texas grain producers mitigate losses in the event of a grain warehouse failure.
The board's formation was one of the conditions of a law the Texas Legislature passed last year that protects grain producers.
It started as a bill from the Grayson County Farm Bureau after an agricultural catastrophe here in Texoma three years ago at Dorchester Grains. Almost a hundred Texoma farmers lost everything they had.
Grain elevator owner John Chumbley pleaded guilty last year to two felony charges and was ordered to pay back $400,000 to those farmers.