Tennessee officials are halting a 30-year-old fee on grain producers because a fund has hit its $10 million minimum balance, reports News Channel 9.
The state Department of Agriculture says state lawmakers in 1989 passed a law to create the Tennessee Grain Indemnity Fund to protect grain producers against financial failure of grain dealers and warehouses.
Since the fund's creation, nearly $960,000 has been paid in claims to 76 producers who suffered losses because of a grain dealer or warehouse failure.
