Texas Grain Producers Indemnity Board

Revenue, expenses, and employee compensationIRS Form 990 totals for revenue, expenses, and employee compensation (salaries, other compensation, and employee benefits).

Mission Statement

THIS ENTITY WAS CREATED TO ESTABLISH AN INDEMNITY FUND PROGRAM, WHICH WILL MITIGATE UP TO 90% OF FINANCIAL LOSSES SUFFERED BY PRODUCERS OF CORN, SORGHUM, WHEAT AND SOYBEANS WHEN A FINANCIAL FAILURE PREVENTS GRAIN BUYERS FROM PAYING FOR SOLD/CONTRACTED GRAIN OR DELIVERING UNSOLD GRAIN. THE ENTITY WAS ENABLED UNDER HB1840 PASSED IN 2011, AND OPERATES UNDER THE RULES OF THE TEXAS AGRICULTURE CODE, TILE 3, CAPTER 41, SUBCHAPTER 1 AND THE TEXAS ADMISTRATIVE CODE.