Agriculture Remains a Great Return on Investment

Tax season is finally over, and naturally many of us are thinking about how our checks to Uncle Sam will be spent in the upcoming year. Here’s a hint: Not very much will be going to the farm. In fact, for every $100 spent by the Federal government, less than 25 cents actually goes to

Farm Credit Services Report Touts Crop Insurance

Crop insurance saved nearly 21,000 jobs in four states during one of the worst droughts in two decades, according to a report from Farm Credit Services of America. The 20-page paper breaks down the history of the crop insurance program from the start in 1930s, with the Great Depression and Dust Bowl, to expansions in

An Introduction to Crop Insurance

Welcome to “What’s Cropping Up.” If you’re reading us for the first time, chances are good that you’re either a new Congressional staffer or a reporter that’s joining the ag policy beat. As such, we wanted to start with some of the basics. Of course, if you’re chomping at the bit to graduate from Crop

Insurance Basics: Skin in the Game

Crop insurance is arguably the first farm policy in history that is largely financed by the farmers who benefit from it. Unlike policies of the past, which were 100 percent backed by taxpayers, modern-day farm policy requires growers to take an active role in its funding – a concept sometimes called “skin in the game.”

ICYMI: Maine farmers know crop diversity is key to success. Our farm policies should reflect that

Bangor Daily News December 13, 2016 “Diversify, diversify, diversify.” This is the mantra of most financial advisors—a popular approach to protect investors in the face of volatile market swings. The same strategy also has served agriculture—another unpredictable market-quite well. Here in Maine, we have established one of the most diverse agriculture “portfolios” in the nation.

ICYMI: Maine farmers know crop diversity is key to success. Our farm policies should reflect that

Bangor Daily News December 13, 2016 “Diversify, diversify, diversify.” This is the mantra of most financial advisors—a popular approach to protect investors in the face of volatile market swings. The same strategy also has served agriculture—another unpredictable market-quite well. Here in Maine, we have established one of the most diverse agriculture “portfolios” in the nation.

Insurance Basics: Delivery Costs

Whenever a customer writes a premium check for an auto or home insurance product, part of that payment is allocated to servicing the policy. That is, insurance companies include an expense load in the premium for each policy beyond anticipated losses to offset overhead costs, such as staff salaries, agent commissions, adjusting losses, employee training,

Insurance Basics: Delivery Costs

Whenever a customer writes a premium check for an auto or home insurance product, part of that payment is allocated to servicing the policy. That is, insurance companies include an expense load in the premium for each policy beyond anticipated losses to offset overhead costs, such as staff salaries, agent commissions, adjusting losses, employee training,

“This is my livelihood. I love it!”

George Struthers farms 9,000 acres of wheat in the south central part of Washington. Crop insurance is very important to him as he farms land that has been in his family for generations.

ICYMI: Crop Insurance: What a difference four decades make

Agri-Pulse November 4, 2016 For nearly four decades I have worked with Connecticut River Valley farmers to help protect their livelihoods. Over that time, I’ve seen many changes, both in the make-up of farms and the tools farm families have to manage uncontrollable risk. As our population has grown, the amount of available farmland has

Eliminating Farm Policy Punishes America and Rewards Foreign Competitors

  The news has been full of foreign subsidy stories lately – whether it’s the trade case America filed against China for excessive corn, wheat and rice subsidies, complaints about Thailand’s sugar subsidy scheme, or the WTO reporting growth in trade restrictions around the globe. It is under this backdrop that some of U.S. agriculture’s

ICYMI: This much is certain: For farmers, crop insurance is essential

There are a number of certainties in life. I know, for example, that every morning on my farm, the sun will rise in the east, and that every evening it will dip beneath the west horizon. And we know Iowa summers will be warm, the winters will be harsh and when the soil has thawed,

ICYMI: This much is certain: For farmers, crop insurance is essential

There are a number of certainties in life. I know, for example, that every morning on my farm, the sun will rise in the east, and that every evening it will dip beneath the west horizon. And we know Iowa summers will be warm, the winters will be harsh and when the soil has thawed,

Senator Grassley Touts Crop Insurance Amid Recent Flooding

Crop insurance enjoys widespread bipartisan backing on Capitol Hill. And this week, one high-profile leader, Senator Chuck Grassley (R-IA), was emphatic in his support, saying the recent floods in eastern Iowa serve as an important reminder why crop insurance is so essential. Grassley recently surveyed the flood damage in several eastern Iowa cities, and discussed

Senator Grassley Touts Crop Insurance Amid Recent Flooding

Crop insurance enjoys widespread bipartisan backing on Capitol Hill. And this week, one high-profile leader, Senator Chuck Grassley (R-IA), was emphatic in his support, saying the recent floods in eastern Iowa serve as an important reminder why crop insurance is so essential. Grassley recently surveyed the flood damage in several eastern Iowa cities, and discussed

Current Farm Economics Reminds Us Why We Need a Farm Safety Net

With a third straight year of declining farm income and reports of agriculture credit conditions deteriorating, we are reminded why lawmakers put a safety net in place for farmers, and why that safety net must be affordable and widely available to all producers in the country. A recent report from the Federal Reserve Bank of

Current Farm Economics Reminds Us Why We Need a Farm Safety Net

With a third straight year of declining farm income and reports of agriculture credit conditions deteriorating, we are reminded why lawmakers put a safety net in place for farmers, and why that safety net must be affordable and widely available to all producers in the country. A recent report from the Federal Reserve Bank of

CROP INSURANCE IN ACTION: Richard Selover, Colusa, California

California is the nation’s number one agriculture state and has been for more than 50 years, growing more than half of the nation’s fruits, vegetables, and nuts.  We paid a visit to Richard Selover, a farmer in Colusa, CA, a small farming community in Northern California, approximately 75 miles north of Sacramento, to find out

What They are Saying About Crop Insurance

With 297 million acres of farmland covered by crop insurance, this risk management tool has become an integral part of the farm safety net for American producers. Policies are available for more than 120 crops for farmers of all operation sizes in all states. This is a fact that farmers, policymakers, lenders, and other agricultural

Crop Insurance Preserves South Dakota Farm Economy

South Dakota’s history is deeply rooted in agriculture, perhaps more so than any other state in the union. From the homesteaders who came here in the 19th century, with little more than a plow and a dream, to their descendants who still work the land, agriculture is the way of life for many South Dakotans.

New Video Spotlights Public Support for U.S. Farmers, Farm Policy

America’s farmers and farm policies, including crop insurance, receive overwhelming, bipartisan support from voters, according to a new video released today by National Crop Insurance Services (NCIS). The video comes after the Republican and Democratic parties wrapped up their national conventions, moving America into the heart of the election season. “As the first Tuesday in

ICYMI: Trust the ag lender, crop insurance cuts would most harm family farms

This is the time of year when farmers are meeting with their lenders to renew farm operating loans for 2016. The past few years have been challenging for producers as commodity prices have fallen, input costs have risen, and severe weather has damaged or destroyed entire crops.  With the downturn in the ag economy, multiple

ICYMI: Farm policy, crop insurance wise investments for all Americans

Although I was born and raised on a farm, the standing rule in our house was I had to spend two years after college pursuing other things. This was not to discourage me from continuing the family farming tradition. Rather, my father wanted to make certain I knew what kind of life I was signing

ICYMI: Farm policy, crop insurance wise investments for all Americans

Although I was born and raised on a farm, the standing rule in our house was I had to spend two years after college pursuing other things. This was not to discourage me from continuing the family farming tradition. Rather, my father wanted to make certain I knew what kind of life I was signing

Diversity Makes Crop Insurance Special

Congress made crop insurance a cornerstone of U.S. farm policy for numerous reasons. It is efficiently delivered by the private sector. Farmers and insurers help fund the system so taxpayers aren’t on the hook for the entirety of disaster aid. Payments get into the hands of farmers after disaster strikes within days, not years, but

Diversity Makes Crop Insurance Special

Congress made crop insurance a cornerstone of U.S. farm policy for numerous reasons. It is efficiently delivered by the private sector. Farmers and insurers help fund the system so taxpayers aren’t on the hook for the entirety of disaster aid. Payments get into the hands of farmers after disaster strikes within days, not years, but

Convo 71

USDA’s Risk Management Agency recently announced the improper payment rate — a closely-watched standardized measure of waste and abuse required of all major federal spending programs – fell sharply last year for crop insurance. The rate dropped to a new level of 2.20 percent, representing a 62 percent drop from the prior year’s 5.58 percent.

Convo 71

USDA’s Risk Management Agency recently announced the improper payment rate — a closely-watched standardized measure of waste and abuse required of all major federal spending programs – fell sharply last year for crop insurance. The rate dropped to a new level of 2.20 percent, representing a 62 percent drop from the prior year’s 5.58 percent.

Convo 70

Nearly 90 percent of Americans have a favorable view of farmers, and 92 percent said it was important to provide farmers with federal funding, according to a new national poll released this week. The poll, commissioned by the National Crop Insurance Services, surveyed 1,000 registered voters in early April. Jon McHenry is the Vice President

Convo 70

Nearly 90 percent of Americans have a favorable view of farmers, and 92 percent said it was important to provide farmers with federal funding, according to a new national poll released this week. The poll, commissioned by the National Crop Insurance Services, surveyed 1,000 registered voters in early April. Jon McHenry is the Vice President

Farm Policy is Essential to Maintaining Ag Production in the U.S.

If there is one place that, in recent years, overwhelmingly demonstrates the need and importance of U.S. farm policy, it is California. For the past four years, this top agricultural producing state has experienced record drought conditions and for farmers like my husband and me, it has taken a toll on our operation. We have

Crop Insurance is Critical for Beginning Farmers

Agriculture has been my passion since an early age growing up on the family farm. I have continued the tradition with a farm of my own.Additionally, I have worked as an agricultural banker for nearly four decades. I started out working in the Farm Credit System, but eventually moved over to the private sector because

Crop Insurance is Critical for Beginning Farmers

Agriculture has been my passion since an early age growing up on the family farm. I have continued the tradition with a farm of my own.Additionally, I have worked as an agricultural banker for nearly four decades. I started out working in the Farm Credit System, but eventually moved over to the private sector because

Crop Insurance is Money Well Spent by Farmers

Many folks might not realize this, but the passage of the 2014 Farm Bill was a turning point in American history, from an agricultural perspective.  Largely gone are the days of government support programs like direct payments.  In their place, and at the center stage of farm risk management tools, is crop insurance. I had

Crop Insurance is Money Well Spent by Farmers

Many folks might not realize this, but the passage of the 2014 Farm Bill was a turning point in American history, from an agricultural perspective.  Largely gone are the days of government support programs like direct payments.  In their place, and at the center stage of farm risk management tools, is crop insurance. I had

Crop Insurance Can Help Keep Multi-Generational Farms Within the Family

My farm has been in my family since the mid-1800s. I have seen firsthand how farming has changed over the decades. It is certainly more expensive to farm than when my parents and grandparents and great-great grandparents farmed the land, but one thing hasn’t changed in more than 150 years: farming is an unpredictable business.

Crop Insurance Can Help Keep Multi-Generational Farms Within the Family

My farm has been in my family since the mid-1800s. I have seen firsthand how farming has changed over the decades. It is certainly more expensive to farm than when my parents and grandparents and great-great grandparents farmed the land, but one thing hasn’t changed in more than 150 years: farming is an unpredictable business.

Keep Crop Insurance Out of the Crosshairs

The passage of the 2014 Farm Bill was the beginning of a new chapter in U.S. farm policy, putting to rest most of the old farm support programs and replacing them with a reformed farm safety net and its centerpiece: Crop insurance. Unlike farm programs of the past, only farmers who purchase crop insurance enjoy

Keep Crop Insurance Out of the Crosshairs

The passage of the 2014 Farm Bill was the beginning of a new chapter in U.S. farm policy, putting to rest most of the old farm support programs and replacing them with a reformed farm safety net and its centerpiece: Crop insurance. Unlike farm programs of the past, only farmers who purchase crop insurance enjoy

Insurance on crops boosts farms of all sizes

It is no secret that farm demographics demonstrate an alarming trend in American agriculture. The average age of the American farmer is rising while the number of beginning farmers is decreasing. These beginning farmers are typically younger than their more established counterparts with less access to credit and capital. I see this reality every day

Insurance on crops boosts farms of all sizes

It is no secret that farm demographics demonstrate an alarming trend in American agriculture. The average age of the American farmer is rising while the number of beginning farmers is decreasing. These beginning farmers are typically younger than their more established counterparts with less access to credit and capital. I see this reality every day

Cuts to the Farm Safety Net Jeopardize a National Asset

“When the well’s dry, we shall know the worth of water,” said Benjamin Franklin. Similarly, if ever we lose the hard-working independent family farms that take care of the nation’s landscape while producing a diverse set of crops more reliably and efficiently than any farm sector in history, then, and only then will we truly understand

Crop insurance essential for farmers

Farm policy used to focus on providing a safety net for traditional row crops.  That was largely due to the Great Depression and its lingering effects. But farm policy has changed to reflect a country with a diverse agricultural sector. The backbone today is crop insurance, and for good reason:  Policies can be customized for

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