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 […]
Private-Sector Delivery Essential to Crop Insurance’s Future
Private companies are integral to crop insurance’s future because they shoulder risk that would otherwise be borne by taxpayers and because they maintain the system used to efficiently provide assistance to farm families following disasters. However if the business does not remain viable, private-sector participation could wane, which would weaken America’s farm policy, according to […]
Affordability of Crop insurance Policies Focus of New Video
Crop insurance policies must remain affordable for farmers and ranchers or the entire farm safety net will fail, crop insurance providers said today in a new educational video. Farmers help fund current farm policy by spending approximately $4 billion a year out of their own pockets on crop insurance policies and by shouldering a portion […]
New NCIS Video: Availability Key to Crop Insurance’s Future
Crop insurance providers today released the first in a series of educational videos meant to highlight three policy attributes that are essential to maintaining a strong crop insurance system in the face of future market and weather challenges. The first three-minute segment examines the widespread availability of crop insurance, whereas future videos will look at […]
2013 Year in Review: New Policy and Coverage Milestones for Crop Insurance
(OVERLAND PARK, Kan.) — Crop insurance reached significant and historic milestones in 2013 — both in its formal recognition by Congress as the primary risk management tool for farmers and the volume of protection it offered — according to an article released in the May 2014 edition of Crop Insurance TODAY. “Again in 2013, crop […]
2014 Farm Bill Changes to Crop Insurance Detailed in Newly Released “Crop Insurance: Just the Facts”
(OVERLAND PARK, Kan.) — As the 2014 Farm Bill was signed into law, questions have arisen about how this new legislation affects crop insurance and the farmers who rely on it. A detailed analysis that will answer those questions, including major and minor policy changes, the introduction of new products including SCO and STAX and […]
Conservation Community Makes Crop Insurance Stronger
(SCOTTSDALE, Ariz.) — Senate Agriculture Committee Chairwoman Debbie Stabenow told crop insurers this week that in addition to farmer support, new coalitions would be needed to defend the policy from critics in the future. Agriculture’s work with the conservation community will be at the forefront of that effort, and Dan Wrinn with Ducks Unlimited (DU) […]
