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OFU Efforts Pay Off – Grain Indemnity Update Signed by Gov. Kasich

July 11, 2013 By Ron Sylvester Leave a Comment

Ohio Gov. John Kasich signs Senate Bill 66 which updates Ohio's Commodity Handlers law, also known as the grain indemnity fund and program.

Ohio Gov. John Kasich signs Senate Bill 66 which updates Ohio’s Commodity Handlers law, also known as the grain indemnity fund and program.

COLUMBUS – Gov. John Kasich today signed into law S.B. 66 which affords Ohio’s farmers status as first in line for assets in the event of a grain elevator failure and boosts the size of the farmer-funded grain indemnity program.

The Ohio Farmers Union and other state ag organizations worked for two and a half years with the bill’s sponsor, State Sen. Cliff Hite (R-Findlay) on the legislation. Hite also serves as chairman of the Ohio Senate Agriculture Committee.

“Family farmers are the winners with the updates to the grain indemnity law,” said Roger Wise, president of OFU.

“Before grain indemnity, smaller operators could be driven entirely out of business in the event of a grain elevator bankruptcy. We’ve been covered since 1983, but some have questioned – and the state has had to go to court – over the question of who is first in line as a creditor when an elevator fails.”

“It’s clear now in Ohio law that regarding elevator failures, the farmers who did business with that elevator are first in line,” Wise added.

Additionally, the updated law increases the size of the farmer-funded grain indemnity fund which pays producers for losses in the event of an elevator failure. OFU sought to have the fund size increased due to several years of historically high prices for corn and soybeans.

[Read more…]

Filed Under: Blog Tagged With: Cliff Hite, John Kasich, Ohio Farmers Union, Ohio Grain Indemnity Fund, Roger Wise, SB 66

PHOTOS – Kasich Signs SB 66 – Grain Indemnity Law Update

July 11, 2013 By Ron Sylvester Leave a Comment

Below are a couple of photos taken during the bill signing ceremony for SB 66 today. Clicking on the images gives you a full res shot to download.

hite_kasich_640

L-R: State Sen. Cliff Hite (R-Findlay), SB 66 primary sponsor; Ohio Gov. John Kasich.

sb66group640

L-R: Roger Wise, president, Ohio Farmers Union; Linda Borton, executive director, Ohio Farmers Union; State Sen. Cliff Hite (R-Findlay); Christopher Collins, aide to Sen. Hite; Tony Anderson, Ohio Agricultural Commodity Advisory Commission; Mel Borton, Ohio Farmers Union; Allen Stockberger, Ohio Agricultural Commodity Advisory Commission. Seated, Ohio Gov. John Kasich.

Filed Under: Blog Tagged With: Cliff Hite, John Kasich, Linda Borton, Ohio Grain Indemnity Fund, Roger Wise, SB 66

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