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Carroll County Agriculture Association » New Indiana Grain Indemnity Fund Law July 1

New Indiana Grain Indemnity Fund Law July 1

The Indiana Grain Buyer and Warehouse Licensing Agency (IGBWLA) and the Indiana State Department of Agriculture (ISDA) want to remind our Hoosier grain farmers of changes in the new grain statutes of the Indiana Grain Indemnity fund. These changes will go into effect July 1, 2010 and will determine a farmer’s reimbursement protection from the fund.

Farmers must know the following:

  1. When a load of grain is delivered, it needs “disposition” (or to be sold, in storage, etc.) within 21 days.
  2. Farmers are only protected with a licensed elevator. (A “registered” elevator is not necessarily licensed.)
  3. Claims must be submitted within a year.

This is a summary of some key points. The entire document can be found on the IGBWLA Statute page.

To help answer questions or address concerns, IGBWLA Director, Jerome Hawkins will be holding one-on-one meetings across the state with grain farmers to further discuss these changes in statute.  These meetings will be confidential.

“Our farmers are our first line of defense with potential problems at our elevators,” said IGBWLA Director Jerome Hawkins. “By meeting with our farmers we hope address concerns –which may just be misunderstandings. Regardless, our agency is here to serve our grain farmers and agribusinesses.  We hope these confidential meeting are helpful to grain producers.”

June 28, 2010 11:50 am | Education and News and Resources

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