Ag Groups Ready to Work Together to Defend Crop Insurance
Representatives of various agricultural groups in Washington, D.C. voiced support for crop insurance during the annual meeting of the American Association of Crop Insurers and the National Crop Insurance Services. The session was designed to give crop insurers perspective not only from Capitol Hill, but also from farmers across the country. “We want crop insurance […]
Crop Insurers’ Returns in Question
(BONITA SPRINGS, Fla.) – Financial returns for crop insurers have fallen nearly 60 percent below expectations since 2011, according to the National Crop Insurance Services, the industry’s main trade organization. The Standard Reinsurance Agreement — the business contract between the federal government and private-sector insurers that went into effect in 2011 — targeted average returns […]
New Congressional Ag Leaders Pledge to Protect & Strengthen Crop Insurance, Encourage Teamwork to Address Challenges Ahead
(BONITA SPRINGS, Fla.) — The new leaders of the agriculture committees in Congress addressed crop insurers during the annual meeting of the American Association of Crop Insurers and the National Crop Insurance Services and pledged to protect and strengthen this public-private partnership. In separate taped videos, Sen. Pat Roberts, the chairman of the Senate Committee […]
Crop Insurers to Leave No Attack on Crop Insurance Unchallenged in 2015
(BONITA SPRINGS, Fla.) — With crop insurance now cemented as the cornerstone of U.S. farm policy, political attacks are inevitable. But crop insurers will make education a top priority in 2015 and will address the critics, said Tim Weber, chairman of the American Association of Crop Insurers and National Crop Insurance Services. “Those with an […]
ICYMI: Farmers Grow Florida Jobs, Crop Insurance Protects Them
On the eve of the annual convention in Florida, the president of the National Crop Insurance Services (NCIS), Tom Zacharias, penned an editorial for the Fort Myers News-Press highlighting how important agriculture is to the state’s economy and how crop insurance is the key to protecting this industry from disaster. In the piece, Zacharias explains […]
Crop Insurance Important for State’s Ag Industry
Pop quiz: Next to tourism, what Florida industry is the state’s largest employer? The answer isn’t health care, transportation, technology or even government. Agriculture is Florida’s second-biggest job supplier, according to the University of Florida. “Two million jobs can be traced to the state’s agriculture, natural resources and related food industries — and not just […]
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The bill also strengthens crop insurance, which is an essential cost-effective risk management tool. With crop insurance, farmers invest in their own risk management by purchasing insurance policies so they are protected in difficult times. Crop insurance also helps protect Americans from spikes in food prices. Without crop insurance farmers would have no way to […]
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Without crop insurance, these farmers would have no way to recover from these devastating conditions unless the government would step in to provide immediate, unplanned, and unbudgeted disaster assistance. With crop insurance, farmers are able to plan for disasters by paying for coverage. This coverage doesn’t make them whole, but rather helps them survive.
NCIS Responds to OIG Prevented Planting Report
Contact Laurie Langstraat, 913-685-2767 The following statement regarding the USDA/OIG report “RMA: Controls Over Prevented Planting” should be attributed to Tom Zacharias, president, National Crop Insurance Services. “Prevented planting is a potentially devastating situation which is why many farmers purchase crop insurance to help mitigate the risk. It is important that preventing planting coverage provisions […]
NCIS Responds to Bloomberg News Series on Crop Insurance
Contact Laurie Langstraat, 913-685-2767 The following statement should be attributed to Tom Zacharias, president, National Crop Insurance Services, in response to the Bloomberg News series on crop insurance: “Over the last decade, elected officials, financial institutions, farm leaders and farmers have reached a general consensus that crop insurance is the best risk management tool available. […]
