A group of 60 national farm, lending, ag input, conservation, and crop insurance and reinsurance organizations, led by the Crop Insurance and Reinsurance Bureau, sent a letter to the Administration and key lawmakers opposing cuts to crop insurance during the upcoming budget and appropriations processes and in the 2018 Farm Bill.
A new study has found private crop insurance company returns have declined significantly since the 2010 renegotiation of the Standard Reinsurance Agreement. The agreement is between the insurance companies and the federal government.
The sales closing deadline for purchasing crop insurance is upon us once again. Tyron Spearman reports farmers need to be in touch with their crop insurance agent soon if they have yet to do so.
USDA’s Risk Management Agency (RMA) reminds farmers that February 28 is the sales closing date for crop insurance. This applies to policies for corn, cotton, flue-cured tobacco, grain sorghum, peanuts, and soybeans. Tyron Spearman has the details.
A new report by the Farm Credit Services of America shows crop insurance saved nearly 21,000 jobs in four states during the 2012 drought.