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Committee approves higher assessment to replenish grain and cotton indemnity fund
Senate Committee on Revenue and Fiscal Affairs · April 27, 2026
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Summary
Lawmakers approved House Bill 370, which raises the assessment that funds the Grains and Cotton Indemnity Fund to double annual receipts (from about $626,000 to about $1,252,000) after multiple brokerage defaults left farmers unpaid.
Representative Butler and an agriculture commissioner told the Senate Committee on Revenue and Fiscal Affairs that House Bill 370 would raise the assessment supporting the Grains and Cotton Indemnity Fund to increase annual revenue from about $626,000 to roughly $1,252,000.
A commi…
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