INDIANAPOLIS — The Indiana Grain Indemnity Corporation will hold a public meeting on Friday at 1 p.m. at the Indiana Farm Bureau building (225 S. East St, Indianapolis, IN 46202) in conference rooms A and B.
The Indiana Grain Indemnity Program was established by the 1995 General Assembly to protect farmers in the event of a licensed grain buyer’s financial failure. The Indiana Grain Indemnity Fund is voluntarily funded by producers who pay a producer premium equal to two-tenths percent of the price on all marketed grain that is sold in Indiana.
The program provides payments to those producers that have not requested or received a producer premium refund and are economically damaged by the financial failure of a licensed grain buyer.
— Indiana State Department of Agriculture