Kentucky's Grain Insurance Fund is at an all-time high. According to the state Department of Agriculture, the total stands at $4.8 million thanks to accrued interest and no payouts since October of 2000.
The fund is designed to reimburse farmers when grain businesses become insolvent and aren’t able to pay them.
When it dips below $3 million, the Kentucky Department of Agriculture collects a quarter-percent assessment on all grain sold by producers.
