By Gary Joiner
Texas farmers purchase crop insurance to protect against losses in the field. It’s a critical management tool.
But there’s also risk after harvest. At the first point of sale. If a grain buyer fails to pay the farmer due to bankruptcy or theft of grain, the grower is left holding the bag.
A great solution to manage this risk is the Texas Grain Producer Indemnity Fund. The program mitigates 85 percent of the financial losses suffered by growers of corn, sorghum, soybeans and wheat when grain buyers fail to pay for grain.Read More