Final draft crop insurance agreement
Aiming to reform the federal crop insurance program, reduce the federal deficit, and maximize taxpayer dollars, the USDA has released the final draft of a new crop insurance agreement and, as a result, $6 billion in savings. Two-thirds of the savings will go toward paying down the federal deficit, and the remaining third will support high […]
WINDMILL COUNTRY: Farmers call crop insurance vital
During the recent U.S. House Committee on Agriculture field hearing in Lubbock, several West Texas farmers who testified expressed a need to strengthen federal crop insurance when the next farm bill is written. The ag committee had its seventh in a series of hearings on the Texas Tech University campus to review U.S. agriculture policy as […]
Direct Aid Program For Farmers Opposed By Crop Insurers
Officials from the crop insurance industry are voicing opposition to a proposal by an Iowa State University professor that the current system be replaced with a direct subsidy program. In testimony Friday before the House Agriculture Committee at a hearing on the proposed 2012 farm bill, Professor Bruce Babcock proposed the direct subsidy program as less […]
NCIS Statement Regarding Professor Bruce Babcock’s ACRE Plan
FOR IMMEDIATE RELEASE May 14, 2010 Testimony of Professor Bruce Babcock released in advance of the House Committee on Agriculture hearing scheduled for May 14, 2010, on the 2012 Farm Bill, raised the idea of providing protection to farmers from systemic risk by using an area-based revenue plan. The plan would presumably cover all producers, […]
Hail Insurance Rates Down
As spring rolls on, the season of hail storms is fast approaching, and for farmers who plan to buy hail insurance this year, there`s good news. Farm Credit Services Wednesday held a hail seminar to stay up to date with the latest in hail insurance. The most notable change for this season is the price of insurance […]
Congress starts to work early on 2012 Farm Bill
Don’t get too comfortable with the policies and programs contained in the current federal farm bill: That was the message that the chairman of the House Agriculture Committee brought to farmers and ranchers attending a field hearing in Fresno last week. Rep. Collin Peterson, D-Minn., said farmers should expect “fundamental changes” in farm policy and said […]
Crop Insurance Industry Lends Perspective To Ewg’s Analysis Of Farm Programs
FOR IMMEDIATE RELEASE May 6, 2010 Overland Park, Kansas…The crop insurance industry cautioned today against relying on partial assessments of the Federal crop insurance program. The industry voiced these concerns again in light of the Environmental Working Group’s (EWG) report released yesterday which evaluated for the first time data from the crop insurance program. The […]
USDA willing to work with Congress on budget baseline
USDA officials indicated recently they would work with Congress to somehow preserve 2012 farm bill budget baseline that could potentially be lost through the renegotiation of the Standard Reinsurance Agreement. The comments, delivered to CongressDaily on the record by a USDA spokesperson and in less official terms to Hill leaders, came days after 10 commodity groups […]
Will the next farm bill cause civil war in rural America?
The first hearings of the 2012 farm legislation were held last week, and as expected, they revealed the Barack Obama administration wishes to take money from farm programs and move it to other priorities. The Secretary of Agriculture pressed the issue with farm-state lawmakers by suggesting rural communities need more jobs and rural economic development […]
Work on new farm bill to begin shortly
The newest farm bill may be less than two years old – and is yet to even be fully implemented – but the House Agriculture Committee is already set to take on the next. During an April 16 press conference, Minnesota Rep. Collin Peterson, chairman of the House Agriculture Committee, said a handful of pressing issues had […]
