The Texas Cotton Ginners' Trust will celebrate the completion of another profitable year at its Annual Meeting in April in Lubbock.
The Trust was formed by the Texas Cotton Ginners' Association in 1994 in response to the Texas gin industries' demand for stable, affordable workers' compensation insurance coverage.
In the 16 years since its founding, the Trust has grown to provide coverage to 78 percent of the gins in Texas as well as other agricultural businesses across the state.
The Trust's Producer Program now offers the protection of workers' compensation coverage for employees of cotton producers who gin with members of the Trust.
The Trust provides its members both hard savings in dividends paid back and "soft" savings in premiums the members never had to pay to a commercial insurance carrier because the Trust was there to provide coverage in times of a restricted market.
source : cottonfarming
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