2012 Crop Insurance Indemnities Set New Record, But Are Far Lower Than Critics Warned

(INDIAN WELLS, Calif.) — Crop insurance indemnity payments associated with the historic 2012 drought hit a record $14.2 billion Monday and will continue to climb as insurers work to finalize the remaining claims. But according to projections released last week by the Congressional Budget Office (CBO), total indemnities and the taxpayer-funded portion of those losses,

Under Secretary Scuse Commends Crop Insurance Providers for a Job Well Done

(INDIAN WELLS, CALIF) – Last year’s drought put the country’s crop insurance system to the test, but the public-private partnership passed with flying colors, USDA Under Secretary Michael Scuse said today at the 2013 crop insurance annual conference. During the disaster, Scuse traveled across rural America and gave farmers business cards with instruction to call

Crop Insurance Wins High Praise from Farmer Leaders

(INDIAN WELLS, CALIF.) Farmer leaders from across the country yesterday called crop insurance their “most important risk management tool” and said it is essential to keep agriculture strong and bring young farmers into an aging business. Curt Friesen, a member of the Nebraska Corn Board, said his son-in-law, who is currently a university teacher, is

USDA Official: Crop Insurance Benefits All Americans

(Indian Wells, California) – “An investment in crop insurance is an investment in America’s economy,” Brandon Willis, the acting administrator to the USDA’s Risk Management Agency, said today at the 2013 crop insurance industry conference. He challenged the group of crop insurers and farm leaders to take that message to the general public, which he

Max Erickson Presented Crop Insurance Industry Outstanding Service Award

Max Erickson, Erickson Insurance Group, Havre, Montana, is the recipient of the 2013 Crop Insurance Industry Outstanding Service Award in recognition for outstanding service and outreach to small, limited resource, and socially disadvantaged farmers. Steve Rutledge, Chairman of the National Crop Insurance Services (NCIS) Board of Directors, and Tom Zacharias, President of NCIS, presented the

Larry Heitman Presented Crop Insurance Industry Leadership Award

Larry Heitman, NAU Country, was presented with the 2013 Crop Insurance Industry Leadership Award at the 2013 Crop Insurance Industry Annual Convention. This award is given to individuals who are directly involved in the crop insurance industry and who consistently serve the industry by providing outstanding leadership. Larry is Senior Vice President for NAU Country’s

Greg Burger Presented Crop Insurance Industry Lifetime Achievement Award

Greg Burger, NAU Country (retired), was presented with a 2013 Crop Insurance Industry Lifetime Achievement Award at the 2013 Crop Insurance Industry Annual Convention. Greg Burger’s first job in 1964 was a contract adjuster, at the young age of 17. He continued in this role for 13 years when, in 1977, he became a full-time

James Deal Presented Crop Insurance Industry Lifetime Achievement Award

James Deal, NAU Country (retired), was presented with a 2013 Crop Insurance Industry Lifetime Achievement Award at the 2013 Crop Insurance Industry Annual Convention. James (Jim) Deal was the former owner and Chairman of the Board of NAU, Mountain States and NAU Country Insurance companies. He was also the former owner and Chairman of a

New video offers insight into dramatic losses in the Heartland

OVERLAND PARK, KAN. — With the vast majority of the U.S. corn, cotton, soybean and sorghum crops yet to be harvested, crop insurance companies have already paid out nearly $2 billion in indemnities to farmers who have suffered losses this year. “America’s heartland has taken a beating from Mother Nature and the crop insurance industry

Crop insurers call on farmers to demonstrate severity of drought in online photo contest

OVERLAND PARK. KANSAS (August 20, 2012)—National Crop Insurance Services (NCIS) announced that it will host a 90-day photo contest, beginning today and featuring farm photos taken during the 2012 drought—on track to be one of the driest years the nation has ever seen. The group is reaching out to all farmers suffering from these near-record

Crop Insurers Reassure Farmers as Drought Worsens

OVERLAND PARK, KANSAS, July 18, 2012 – As the drought spreads and attention turns to worsening crop conditions in farm country, the nation’s crop insurers today reassured farmers that companies will have the money necessary to quickly pay out claims in 2012, even amid record payouts last year. For every dollar of premium that insurance

NCIS Unveils Third in Video Series, Spotlight On Historic Midwest Flooding

(OVERLAND PARK, Kan.) — As the House Agriculture Committee wraps up its hearings and the Senate Farm Bill moves closer to the floor for debate, National Crop Insurance Services (NCIS) today released the third in an ongoing series of educational videos on crop insurance. This new video spotlights the Missouri river flooding of 2011 –

House Subcommittee on General Farm Commodities and Risk Management Told ‘Outstanding Success Story’ of Crop Insurance

(WASHINGTON) — Crop insurance has become the powerful risk management tool that Congress designed it to be, garnering widespread support from all segments of agriculture, banking and most importantly, farmers, said Ruth Gerdes during her testimony today to the House Subcommittee on General Farm Commodities and Risk Management. “The growth of Federal Crop Insurance is

NCIS Unveils Second in Video Series, Spotlight On Texas Drought

(OVERLAND PARK, Kan.) — As the House Agriculture Subcommittee on General Farm Commodities and Risk Management prepares to hold a hearing later this week, National Crop Insurance Services (NCIS) today released the second in an ongoing series of educational videos on crop insurance. This video puts a sharp focus on the risk that Texas farmers

NCIS Unveils First in Series of Videos On Nuts and Bolts of Crop Insurance

(OVERLAND PARK, Kan.) — National Crop Insurance Services (NCIS) today released a new educational video on crop insurance – what it is, how it works and why it has become the risk management tool of choice for America’s farmers. The video, titled “Crop Insurance 101,” is the first in a series that will be released

Crop Insurance Leader Urges Congress to Do No Harm

FOR IMMEDIATE RELEASE March 15, 2012 (WASHINGTON) — “How crop insurance emerges from the 2012 Farm Bill process will hold major ramifications for this risk management program and for America’s farmers and ranchers who have come to rely on it,” Steve Rutledge today told the Senate Committee on Agriculture, Nutrition and Forestry. Rutledge, who spoke

Crop Insurance Claims Break $10 Billion Barrier, Farmers Gear Up for 2012 Planting

FOR IMMEDIATE RELEASE February 27, 2012 (OVERLAND PARK, Kan.) — For the first time in history, crop insurance indemnities to farmers and ranchers have exceeded $10.08 billion to cover agricultural losses, underscoring last year’s high crop values and volatile weather. This figure will likely climb as more than an estimated five percent of the claims

Miss America 2011 Brings National Focus to Crop Insurance Industry

FOR IMMEDIATE RELEASE February 14, 2012 (SCOTTSDALE, Ariz.) — Commenting that while her reign as Miss America has ended, her passion for agriculture continues on, Miss America 2011, Teresa Scanlan, addressed the annual meeting of the crop insurance industry today and assured attendees that her heart still remains in rural America. “This is one of

After Successful 2011, What’s Next for Crop Insurance?

FOR IMMEDIATE RELEASE February 13, 2012 (SCOTTSDALE, Ariz.) — With a record $9.7 billion in indemnities already paid out on 2011 damages, and farmers preparing to plant another impressive crop just months after one of the worst weather years in U.S. history, the current crop insurance system is earning high praise from agricultural leaders and

2011 Indemnity Payments Eclipse $9 billion, Set New Record

FOR IMMEDIATE RELEASE January 24, 2012 (Overland Park, Kansas, January 24, 2012) For the first time in history, indemnity payments surpassed the $9 billion mark, National Crop Insurance Services (NCIS) said today, noting that payments made to farmers for damages to the 2011 crop would continue to climb. From historic droughts in the Plains to

In response to the Deficit Reduction Plan unveiled today by President Obama, Tom Zacharias, President of National Crop Insurance Services, released the following statement:

FOR IMMEDIATE RELEASE September 19, 2011 “The crop insurance industry shares the belief that deficit reduction is important. In fact, crop insurers have contributed more than most other industries to the goal of deficit reduction in recent years. However, the President’s plan to make further reductions to the crop insurance system does not serve the

In response to the Deficit Reduction Plan unveiled today by President Obama, Tom Zacharias, President of National Crop Insurance Services, released the following statement:

FOR IMMEDIATE RELEASE September 19, 2011 “The crop insurance industry shares the belief that deficit reduction is important. In fact, crop insurers have contributed more than most other industries to the goal of deficit reduction in recent years. However, the President’s plan to make further reductions to the crop insurance system does not serve the

Greg Meek Presented the NCIS Membership Services Award

FOR IMMEDIATE RELEASE February 16, 2011 OVERLAND PARK, Kansas – February 16, 2011 OVERLAND PARK, KAN…Greg Meek, formerly of Farmers Mutual Hail Insurance Company of Iowa, West Des Moines, IA, was presented with the National Crop Insurance Services Membership Services Award at the 2011 Crop Insurance Industry Annual Convention. Greg devoted most of his 36‐year

Mike Gaynier Awarded the Crop Insurance Industry Outstanding Service Award

FOR IMMEDIATE RELEASE February 15, 2011 OVERLAND PARK, KAN… Mike Gaynier, Spartan Crop Insurance, Ithica, Mich., is the recipient of the 2011 Crop Insurance Industry Outstanding Service Award in recognition for outstanding service and outreach to small, limited resource, and socially disadvantaged farmers. Steve Harms, Chairman of the National Crop Insurance Services (NCIS) Board of

Crop Insurance Deadline Nears

FOR IMMEDIATE RELEASE February 14, 2011 OVERLAND PARK, Kansas – January 24, 2011 – Farmers Encouraged to See Agent Soon With a February 28 crop insurance deadline looming for producers of most spring‐planted crops across the south, staying eligible for FSA’s crop disaster program (SURE) will be on the minds of most farmers. All insurable

Crop Insurance Industry Agrees USDA’s Good Performance Program Benefits Farmers

FOR IMMEDIATE RELEASE January 24, 2011 OVERLAND PARK, Kansas – January 24, 2011 – The private insurance industry supports USDA’s decision to implement a good performance‐based program for famers. “The Good Performance Refund (GPR) program has its merits, and we were pleased to see the savings resulting from the renegotiation of the 2011 Standard Reinsurance

Bob Parkerson to retire as NCIS President on August 31 Tom Zacharias to be named President

NATIONAL CROP INSURANCE SERVICES 8900 Indian Creek Parkway, Suite 600 Overland Park, KS 66210 FOR IMMEDIATE RELEASE August 24, 2010 For more information contact Laurie Langstraat at (913) 685-2767 Bob Parkerson to retire as NCIS President on August 31 Tom Zacharias to be named President OVERLAND PARK, Kansas – August 24, 2010 – National Crop

STATEMENT OF ROBERT PARKERSON, PRESIDENT, NATIONAL CROP INSURANCE SERVICES, BEFORE THE U.S. HOUSE OF REPRESENTATIVES, COMMITTEE ON AGRICULTURE, SUBCOMMITTEE ON GENERAL FARM COMMODITIES AND RISK MANAGEMENT

FOR IMMEDIATE RELEASE July 22, 2010 Mr. Chairman, Mr. Ranking Member and other Members of the Subcommittee, thank you for inviting the National Crop Insurance Services to appear at today’s hearing to discuss the Standard Reinsurance Agreement (SRA) and its implications for the future of the crop insurance industry.  I will briefly describe the role

Crop Insurance Industry Testifies Before House Committee on Agriculture Hearing Comes on Heels of Crop Insurance Companies Signing SRA, Industry Remains Concerned About Preserving Farm Safety Net

FOR IMMEDIATE RELEASE July 22, 2010 OVERLAND PARK, KAN, July 22, 2010… Bob Parkerson, president of National Crop Insurance Services (NCIS), testified today on behalf of the crop insurance industry before the U.S. House Agriculture Subcommittee on General Farm Commodities and Risk Management. “The federal crop insurance program is the largest part of the federal

Crop Insurance Industry to Testify Before House Committee on Agriculture, Press Availability for Bob Parkerson

FOR IMMEDIATE RELEASE July 19, 2010 OVERLAND PARK, KAN…The crop insurance industry announced today that Bob Parkerson, president of National Crop Insurance Services (NCIS) has been invited to testify before the House Committee on Agriculture Thursday about the state of the crop insurance industry, including implications of the recently signed Standard Reinsurance Agreement (SRA) and

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,

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

Industry Calls for Long Term Analysis in Judging Crop Insurance Market Performance

FOR IMMEDIATE RELEASE April 5, 2010 OVERLAND PARK, KANSAS..USDA’s Risk Management Agency (RMA) released late last Friday an update of their disputed Millman study of returns to private crop insurers participating in the Federal Crop Insurance Program. While the report focuses on 2009 earnings, which indeed represent the second highest ever, it is more reflective

Private Industry Still Sees Wide Gap in SRA Negotiations

FOR IMMEDIATE RELEASE February 24, 2010 OVERLAND PARK, KANSAS… Although modestly less severe than initially proposed, the funding reductions for the crop insurance program offered yesterday by USDA/RMA in the latest round of negotiations to revise the Standard Reinsurance Agreement (SRA) remain excessive and unrealistic. In addition, the RMA’s latest proposal fails to reflect available reforms

Avtar Gill Awarded the Crop Insurance Industry Outstanding Service Award

FOR IMMEDIATE RELEASE February 24, 2010 OVERLAND PARK, KANSAS…Avtar Gill, Gill Insurance, Caruthers, Calif., is the recipient of the Crop Insurance Industry Outstanding Service Award in recognition for outstanding service and outreach to small, limited resource, and socially disadvantaged farmers. Steve Harms, Chairman of the National Crop Insurance Services (NCIS) Board of Directors, and Robert

Gene Grimsley Presented Crop Insurance Industry Leadership Award

FOR IMMEDIATE RELEASE February 24, 2010 OVERLAND PARK, KANSAS…Gene Grimsley, Agro National Insurance, Council Bluffs, Iowa, was presented with the Crop Insurance Industry Leadership Award at the 2010 Crop Insurance Industry Annual Convention. This award is given to individuals who are directly involved in the crop insurance industry and who consistently serve the industry by

Fundamental Problems Exist with the USDA’s Proposed 2011 Standard Reinsurance Agreement; Private Industry Seeks Solutions

FOR IMMEDIATE RELEASE January 20, 2010 OVERLAND PARK, KANSAS..The private crop insurance industry today released a proposal for the 2011 Standard Reinsurance Agreement (SRA). The SRA is the contract under which the private insurance companies agree to deliver the federal crop insurance program to the nation’s farm producers. The industry’s proposal is in response to

Crop Insurance Scores Well in Profitability and Effectiveness Analysis

FOR IMMEDIATE RELEASE October 8, 2009 Independent study by Grant Thornton LLP shows that Federal Crop Insurance Program compares favorably to property and casualty industry   OVERLAND PARK, KANSAS..A study released today by National Crop Insurance Services shows that over a 17 year period (1992-2008) the Federal Crop Insurance Program has been significantly less profitable

Producers with Grain Quality Questions Urged to Contact Crop Insurance Agents and Companies

FOR IMMEDIATE RELEASE September 28, 2009 OVERLAND PARK, KANSAS…National Crop Insurance Services (NCIS) is urging farmers with grain quality concerns to contact their crop insurance agent or company to determine coverage options in case of damage to crops from disease, weatherrelated events, or other causes. “While we, like everyone, are closely monitoring the mycotoxin situation

Multiple deadlines facing farmers; Fall crop insurance decisions due

FOR IMMEDIATE RELEASE September 8, 2009 This release affects 41 states, with the exception of: Arizona, Alaska, Connecticut, Hawaii, Maine, Massachusetts, Nevada, Utah and Vermont. OVERLAND PARK, KANSAS…This is the time of year when farmers face multiple deadlines. They are harvesting their spring planted crops and, depending on the yield and revenue potential, they may

CUNA MUTUAL ACQUIRES FULL OWNERSHIP OF CROP INSURER PROAG Acquisition Supports Company’s Diversification, Growth Strategies and ProAg’s Growth Objectives

FOR IMMEDIATE RELEASE September 3, 2009 MADISON, Wis./AMARILLO, Tex…. CUNA Mutual Group has reached agreement with Producers Ag Insurance Group (ProAg) to become sole owner of the multi-peril crop insurer, serving farmers and agricultural producers nationwide. ProAg will operate as a standalone subsidiary of CUNA Mutual. The acquisition supports CUNA Mutual’s need to identify new growth

Record Crop Insurance Indemnity Payments in 2008

FOR IMMEDIATE RELEASE July 20, 2009 OVERLAND PARK, KAN…The results are all but final…a record $8.6 billion in crop insurance indemnity payments were made to U.S. farmers for losses in 2008 because of droughts and flooding in parts of the country along with substantial price declines for some of the majority commodities. “This was one

Illinois Farmers Receive Significant Crop Insurance Indemnity Payments

FOR IMMEDIATE RELEASE May 8, 2009 OVERLAND PARK, KAN…The crop insurance industry has paid over $565 million to the farmers in Illinois for losses due to crop loss or decrease in commodity prices for 2008, according to the most recent summary of business data released by the Risk Management Agency. “The amount of indemnities paid

Indiana Farmers Receive Significant Crop Insurance Indemnity Payments

FOR IMMEDIATE RELEASE May 8, 2009 OVERLAND PARK, KAN…The crop insurance industry has paid over $512 million to the farmers in Indiana for losses due to crop loss or decrease in commodity prices for 2008, according to the most recent summary of business data released by the Risk Management Agency. “The amount of indemnities paid

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