Insurance important for farmers
It would be nice to talk about the great drought of 2012 in the past tense, but unfortunately, the entire state of Missouri remains in drought. But if Missouri’s farmers hadn’t purchased a crop insurance policy last year — as most do every year — they could have lost more than their crops. They could […]
US cuts crop insurance rates for soybeans, rice despite drought
Corn, cotton, sorghum, spring wheat rates revised too * USDA will phase in changes to cushion drought impact * Agency expects little impact on 2013 planting decisions WASHINGTON, Nov 28 (Reuters) – The U.S. government has ordered crop insurers to charge lower premiums to soybean growers for the second year in a row as part […]
Keeping crop insurance is critical
It’s no big secret that Missouri is facing its worst drought in 30 years. This has had a catastrophic effect on the state’s farm and livestock sector, prompting Secretary of Agriculture Tom Vilsack to declare every county in the state a disaster area in July. And while tropical storm Isaac brought us some much-needed rain, […]
Bob and Mike Buntin: Insurance means drought won’t ruin farmers
As Illinois farmers, our biggest concerns regarding the whims of Mother Nature are late spring freezes, heavy spring rains that delay planting, wind, hail, and possibly flood damage. But this year, we’re in a whole other ballgame. We live in a part of the state that is affectionately known as “Little Egypt,” which could be […]
Crop insurance good for farmers, taxpayers
There are those who say that the grass is always greener on the other side of the fence. But the opposite can be true as well. Sometimes, it’s not until you look on the other side of the fence that you realize just how green your own grass is. That’s certainly true this year. After […]
Crop insurance: Smart, fiscally responsible farm policy
Every county in the state of Iowa is experiencing severe or extreme drought conditions, according to the U.S. Drought Monitor. This time last near, not a single county in the state was experiencing drought. In fact, it would be fair to say that farmers saw quite the opposite conditions last year, especially here in western […]
Crop Insurance Saves Taxpayers Money
The same farmers who faced record flooding last year are facing severe drought this year, which underscores the need for effective risk management tools in agriculture. The Sept. 2 article “Highest cost of drought falls on taxpayers” misses the reasons why crop insurance has gained such broad public and political support. Farmers purchase crop insurance […]
Drought Update – September 25, 2012
The portion of the lower 48 states experiencing moderate to exceptional drought increased yet again, to 65%, according to the September 18 U.S. Drought Monitor. In 41%of those states, the drought conditions are considered “severe, extreme or exceptional.” In addition, 54%of the country was in moderate drought or worse. The majority of the country’s corn and soybean acres are affected, and while […]
Crop Insurance Helpful for Ohio Farmers
The National Climatic Data Center reported that as the 2012 drought deepened and expanded this summer, it became one of the six largest droughts in modern record keeping. Here in Ohio, you really didn’t need a weather expert to tell you just how bad it was. And before the rains finally came – which were too late for many of crop – the fields were so dry they […]
Drought Update – September 18, 2012
Although the rains from Hurricane Isaac brought relief to some, the portion of the lower 48 states still experiencing moderate to exceptional drought increased to 64%, up one percent from last week, according to the September 11 U.S. Drought Monitor. In 42%of those states, the drought conditions are considered “severe, extreme or exceptional.” In addition, 54%of the country was in moderate […]
