Review of Commodity Producer Indemnity Fund and Board.
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Review of Commodity Producer Indemnity Fund and Board.

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Published by State of Tennessee, Comptroller of the Treasury, Dept. of Audit, Division of State Audit in [Nashville, Tenn.] .
Written in English



  • Tennessee.


  • Tennessee. Commodity Producer Indemnity Fund and Board -- Auditing.,
  • Grain trade -- Law and legislation -- Tennessee.,
  • Special funds -- Tennessee.

Book details:

Edition Notes

ContributionsTennessee. Division of State Audit.
LC ClassificationsKFT244.G7 A87 1991
The Physical Object
Pagination8 p. ;
ID Numbers
Open LibraryOL1669080M
LC Control Number91621896

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  Commodity: A commodity is a basic good used in commerce that is interchangeable with other commodities of the same type; commodities are most often used as inputs in . D. The commission shall adopt rules and regulations, in accordance with the Administrative Procedure Act, necessary for the efficient administration of the Grain and Cotton Indemnity Fund. Such rules shall include: (1) Procedures for claims on the Grain and Cotton Indemnity Fund. (2) Reimbursement limitations for each producer. Department of Agriculture Rules Governing the Seed Indemnity Fund Page 5 IAC Chapter 2, Idaho Code, or as a commodity dealer pursuant to Ti Chapter 5, Idaho Code, a single bond, irrevocable letter of credit or certificate of deposit shall be fixed at whichever of the following amounts is . eligible producer. “Eligible producer” means a person who has an insurable interest in an agricultural commodity, who has not been determined ineligible to participate in the Federal crop insurance program, and who possesses a United States issued social security number (SSN) or File Size: KB.

Honcho: Slang term describing the leader, manager, chief or person in charge of an organization or a project. The CEO of a company could be referred to as the honcho or "head honcho." This is a. Section Page 2 IDAPA 02 TITLE 02 CHAPTER 15 - RULES GOVERNING THE SEED INDEMNITY FUND. LEGAL AUTHORITY. This chapter is adopted under the legal authority of Ti Chap Section , Idaho Code. (A) The Contingency Fund, which is part of the insurance fund authorized under section (c) of the Act (7 U.S.C. § (c)), is used to offset expenses incurred by FCIC to administer a Company’s book of business in the event of Company supervision, rehabilitation, insolvency or operational deficiency, or an. allowed to cover both the seed indemnity fund and the commodity indemnity fund. This eliminates the double bond required by previous legislation and removes the minimum bond requirement. The amount of the bond will be based on 6% of the amount paid or owed to the producer. Dennis Capson,Snake River Grain (commodity dealer), spoke in.

We support grain pool indemnity 58 fund, as modeled after North Dakota. 59 vi. Grain sales and voluntary credit sales 60 would be covered by the funds. 61 vii. The Farmer-Owned Grain Reserve 62 (FOR) should be restored and strengthened 63 to serve as an “ever-normal granary” for 64 both producers and consumers. The reserve. The Commodity Indemnity Fund (CIF) offers additional protection for producers in the event of a commodity dealer failure. This $12 million dollar fund is supported by producer’s assessments and allows producers to recoup 90% of their approved verified claim in the event of a failure. § Department of Agriculture State Indemnity Special Fund. A. The Department of Agriculture State Indemnity Special Fund is hereby created in the State Treasury for the Oklahoma Department of Agriculture, Food, and Forestry. B. The fund shall consist of any monies appropriated to the Department specifically for transfer to the fund. Commodity prices are notoriously volatile which is a major source of instability and uncertainty for commodity-dependent developing countries. a government agency manages an indemnity fund to.