Crop Insurance Saved Taxpayers $10.4 Billion Since 2002
Federal crop insurance has come in under budget every year since 2002 – the last year of major revisions to the program – saving taxpayers more than $10.4 billion in projected spending, according to a new analysis of Congressional Budget Office (CBO) data. The savings, taken as the difference between the projected cost of the […]
Crop Insurance A Key to Credit Access, Bankers Tell House Subcommittee
Several witnesses representing key agriculture lending institutions and credit agencies told members of the House Agriculture Committee’s Subcommittee on Department Operations, Oversight, and Credit that access to credit is essential for farmers and crop insurance plays an important role in that access. The hearing, held May 10, went largely unnoticed but is pertinent given the […]
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Sorghum producers across the Sorghum Belt faced significant challenges last growing season as a result of the drought. NSP supports Federal Crop Insurance, which is providing meaningful risk management tools to our producers.
Crop Insurance Helped Mississippi Farmers See Yet Another Spring
The state of Mississippi and farming are so intertwined that it is hard to imagine one without the other. Agriculture is not only our state’s number one industry; it employs roughly one-third of our population, contributing $5.8 billion to the state’s economy. There are approximately 42,000 farms in the state covering 11 million acres, producing […]
