If there’s anything the droughts of 2011 and 2012 taught American farmers, it’s the importance of being prepared for anything.
That includes occasional years of dealing with dry conditions trying to grow the Carolinas’ homegrown cotton crop.
Michael Quinn, the president and CEO of Carolinas Cotton Growers Cooperative, Inc., has witnessed how both droughts and hurricanes can wreak havoc on farms and cause lost income for farmers.
What is important is how such risks are mitigated now that farmer-members have turned to crop insurance coverage for protection.
“Crop losses will occur from time to time,” he noted, adding “these losses would be devastating to private underwriting and cost prohibitive without a public/private partnership to underwrite and deliver the appropriate protection.”
Read Mike’s entire story here.