WSJ Spotlights Crop Insurance Business
Farm policy opponents love to tell tall tales of crop insurance providers banking huge returns. In a quest to eliminate farmers’ primary risk management tool, they repeatedly attempt to mislead lawmakers into believing that crop insurance profits are guaranteed and will remain rosy for perpetuity. Luckily, America’s premier business publication isn’t buying such nonsense and […]
NCIS President: “Opponents of Farm Policy Have Bad Memories, Bad Metrics and Misleading Messages”
NCIS President Tom Zacharias took on opponents of farm policy during more than a dozen live interviews at the National Association of Farm Broadcasters Convention in mid-November. “The opponents of farm policy have bad memories, bad metrics and misleading messages,” noted Zacharias, who was referring to the 11th hour budget deal cut in late October […]
New Crop Insurance Video Tackles Common Farm Policy Misperceptions
Investments made in farm policy and crop insurance benefit Americans, according to a new video released earlier this month by National Crop Insurance Services (NCIS). The two-minute educational piece was made public as Congress worked to reverse harmful cuts to crop insurance made during last month’s Budget Agreement. If those cuts remain in place, agricultural leaders […]
Technology, Sustainability and Insurance Essential to Agriculture’s Future
Farmers and ranchers are tasked with producing more food and fiber than ever to meet the world’s growing appetite, and they have to do it while preserving scarce natural resources and dealing with extreme weather and volatile markets. A combination of new technology, smarter farming practices, and government policies will be required to succeed, according […]
Library of Congress Adds Crop Insurance Website to its Historical Collection
National Crop Insurance Services (NCIS) announced recently that its website has been selected by the United States Library of Congress (LOC) to be part of America’s historic collection of Internet materials. For nearly two decades, the LOC has catalogued digital materials spanning a variety themes, events, and issue areas with the purpose of capturing records […]
Farmers Help Fund $14 Billion of the Farm Safety Net in 2014
Farmers who filed crop insurance claims in 2014 collectively shouldered approximately $10 billion in deductible losses before collecting any payments, according to new data unveiled recently by the National Crop Insurance Services (NCIS). When combined with the $3.9 billion spent to buy insurance coverage in 2014, farmers absorbed at least $14 billion in out-of-pocket costs, […]
Crop Insurers’ Returns In Question
Financial returns for crop insurers have fallen nearly 60 percent below expectations since 2011, according to the National Crop Insurance Services (NCIS). The Standard Reinsurance Agreement — the business contract between the federal government and private-sector insurers that went into effect in 2011 — targeted average returns on retained premium of 14.5 percent. Returns on […]
New NCIS Video: Private-Sector Delivery Essential to Crop Insurance’s Future and Viability
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 […]
NCIS President Tom Zacharias Talks Crop Insurance on Agri-Talk
The increasingly important role of crop insurance to farmers, ranchers and producers across the country – and its place of prominence in the 2014 Farm Bill – were among the many topics of conversation during Mike Adams’ recent interview with NCIS President Tom Zacharias on Agri-Talk. “We think this is a very positive Farm Bill […]
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 […]
