Convo 26
But farmers aren’t the only group that has come to love crop insurance. Bankers love it too. That’s because when farmers approach bankers for production loans, bankers regard a crop insurance policy as a form of collateral. Additionally, bankers know that a farmer who has paid his own money for a crop insurance policy is […]
Farmers Shoulder Nearly $17 Billion in Losses in 2012
Before farmers received a single dime in crop insurance indemnity payments, they shouldered $12.7 billion in losses as part of their deductibles to crop insurance policies, according to a guest editorial published today by Tom Zacharias, president of National Crop Insurance Services (NCIS). “When combined with the $4.1 billion farmers paid out of their own […]
NCIS, RMA Team Up To Help African American, Limited Resource Farmers Develop Risk Management Plans
Thanks to a joint effort between USDA’s Risk Management Agency and National Crop Insurance Services (NCIS), limited resource farmers and African American producers of specialty crops and under-served commodities in Mississippi and Arkansas were instructed on how to develop personal risk management plans in five risk areas.. The courses consisted of three, day-long structured workshops, […]
Crop Insurance: An Approach That Better Fits This Nation’s Fiscal Reality
The historic drought that wilted the corn and soybean fields of Illinois and other Midwest states was one of the costliest events to hit rural America in decades. As the nightly news reported, losses on farms in large swaths of the Midwest were staggering, with some farmers having such low yields that harvesting was a […]
Setting the Record Straight on Crop Insurance
By Tom Zacharias, National Crop Insurance Services Admittedly, opponents of farm policy attract more headlines than the men and women who put food on our tables and clothes on our backs. Then again, it is far easier to get attention with sensationalist claims and unsubstantiated data. Take the drought of 2012 for example. Opponents of […]
Crop Insurance Fits Nation’s Fiscal Reality
By Patrick Solon, Streator, Illinois The historic 2012 drought that wilted the corn and soybean fields of Illinois and other Midwest states was one of the costliest events to hit rural America in decades. As the nightly news reported, losses on farms in large swaths of the Midwest were staggering, with some farmers having such […]
