2011 Midwest Flood Disaster
Convo 13
“Even in these good times, our farmers, ranchers and growers need a strong safety net. That begins with a crop insurance program that protects 264 million acres on about 500,000 farms.”
Will Indemnities Hit $11 Billion?
Losses paid out by crop insurance companies to farmers for 2011 crops have now exceeded $10.7 billion and are edging ever closer to the $11 billion mark, according to data from the Risk Management Agency (RMA). This surpasses the previous record of $8.76 billion set in 2008 by almost 25 percent. Spurred on by one […]
Farmers Sometimes Need A Little Help When Mother Nature Throws a Fit
2011 was a year that American farmers will not soon forget. The year started off with a record freeze in Florida, followed by historic flooding in the Corn Belt. While farmers were trying to salvage their waterlogged fields in the Midwest, folks in the southern plains were baking under intense heat and a prolonged drought, […]
2011 Southwest Case Study
California Farmer Depends on Crop Insurance
Crop Insurance 101
Tom Zacharias, President of NCIS, explains the basics of crop insurance.
Strong Financial Underpinning A Key Requisite to Strong Crop Insurance Policy
Because of the magnitude of risk inherent in U.S. agriculture, combined with the large volume of commodities produced, companies that participate in the Federal crop insurance program are mandated by law to have ready access to large pools of liquid capital so they can meet their obligations if disaster strikes the farming sector. These rigorous […]
Convo 7
Farmers like me need to have access to affordable risk management tools to better mitigate the impact of significant crop losses and sharp price declines. This is why the upcoming farm bill is so important. It is not about providing income to the less than 2% of the American population. It is about insuring that […]
