crop insurance

What’s New For Crop Insurance?

Dan Economy, Field Crops, Livestock, Nursery Crops, Specialty Crops

Producers are encouraged to find out what’s new for crop insurance this year before the upcoming deadlines. Stephanie Ho has the story. What’s New For Crop Insurance?-1 Rob Johansson, Acting Deputy Under-secretary for Farm Production and Conservation, explains why crop insurance is an important part of the farm safety net. What’s New For Crop Insurance?-2

sales closing

Sales Closing Dates Near for Most Crops

Dan Industry News Release

Expanded Options available to enhance Farm Safety Net Last year’s hurricanes, wildfires, and droughts, devastated parts of the South, Midwest, Northern Plains, and California, and were a stark reminder that agriculture is an inherently risky business. Federal crop insurance indemnities for these disasters totaled more than $1 billion in 2017. “The prosperity of the rural economy depends on our farmers …

crop insurance

Improvements to Crop Insurance continue in 2018

Dan Industry News Release

USDA Strengthens Crop Insurance Program to keep Rural Economy Viable Changes to the Federal crop insurance program initiated in 2017 will continue into 2018. The U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) continues to improve the program, increasing its availability and effectiveness as a risk management tool while safeguarding the integrity of the program. In 2017, RMA had …

florida

Margin Protection Crop Insurance Decision Due

Dan Industry News Release

Farmers have until the end of this month to decide if they’d like to take USDA’s new Margin Protection Crop Insurance plan. Known as M-P, the program most closely aligns with the current A-R-P, or Area Revenue Protection, crop insurance plan. University of Illinois Agricultural Economist Gary Schnitkey says while there is difference the one of note is the price …

cotton

Crop Insurance Industry Responds to GOA Report

Dan Industry News Release

The crop insurance industry is calling a report by the Government Accountability Office “disheartening.” The GAO last week recommended to Congress that it considers directing the Department of Agriculture to adjust the expected rate of return for crop insurance. In 2010, USDA negotiated with insurance companies to set a 14.5 percent target rate. According to GAO’s analysis, the reasonable rate …

gao

GAO Recommends Lowering Crop Insurance Expected Rate of Return

Dan Industry News Release

The Government Accountability Office is recommending that Congress considers directing the Department of Agriculture to adjust the expected rate of return for crop insurance. In 2010, USDA negotiated a set rate of return with crop insurance providers. The return is how much companies can profit from insurance policies. In a report released last week, the GAO found that the expected …

afbis

AFBF, AFBIS, Others, Propose Dairy Revenue Protection Insurance Concept

Dan Dairy, Industry News Release

A proposal submitted to the Federal Crop Insurance Corporation by the American Farm Bureau Federation (AFBF), American Farm Bureau Insurance Services (AFBIS), and others would provide a revenue-based insurance option for dairy farmers, different from the current margin-based insurance options available. AFBF Market Intelligence Director John Newton explains how the Dairy Revenue Protection insurance concept will work for dairy farmers. …

apiculture

Apiculture Insurance Expanded to More States

Dan Industry News Release

Increased safety net available to beekeepers in 48 states. Crop insurance for beekeeper operations has been expanded to include 19 additional states and now spans the entire 48 contiguous states. The U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) announced changes to the Apiculture Pilot Insurance (API) plan, ensuring greater protection for the producers’ honey, pollen collection, wax, and …

crop insurance

Crop Insurance Comments Could Jeopardize Clovis Nomination

Dan Industry News Release

Comments made by Senate Agriculture Committee leaders suggest that Sam Clovis’s position on crop insurance could jeopardize his nomination for a top post at the Department of Agriculture. Senate Agriculture Ranking Democrat Debbie Stabenow and Chairman Pat Roberts both eluded to the nominee’s statements on crop insurance. Clovis has previously questioned the constitutionality of crop insurance. Stabenow said: “It is …