May 23, 2013

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Fair

72°
Conditions at North Texas Regional Airport, TX

WEATHER AWARE DAY

Isolated to scattered showers and thunderstorms are possible today. Severe weather threat is low, but lightning, gusty winds and possibly some small hail are in the forecast. Please slow down if you find yourself in heavy rain.
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Reporter: News staff Email

Statewide grain indemnity fund voted down

SHERMAN, TX-Texas grain producers have voted not to establish a statewide grain indemnity fund.

The Texas Department of Agriculture said the proposal didn't receive the two-thirds of the vote needed to pass. It would have created an insurance fund to help protect farmers against the risks of selling or storing grain in a warehouse.

The Texas Legislature passed legislation to create the Texas Grain Producer Indemnity Board after an agricultural catastrophe at Dorchester Grains, in Grayson county. Almost a hundred Texoma farmers lost everything they had. Grain elevator owner John Chumbley pleaded guilty to two felony charges and was ordered to pay back $400,000 to those farmers.


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