STAFF BLOG AG RIGHT Crop insurance deadline nears
A few years ago, I phoned area crop insurance agents just prior to the annual March 15 deadline forpurchasing or modifying crop insurance for spring-planted crops. I was curious about the trends and p... Posted on 3/4/13 at 4:35 PM
RURAL REFLECTIONS Rural Reflections Radio
Here is this week's Rural Reflections Radio... Posted on 3/15/12 at 6:03 AM
Some upper Midwest farmers who thought they caught a break when the federal government eased crop insurance rules for land hit by prolonged flooding are finding it isn't as easy to cash in as they first thought.
WASHINGTON — The American Association of Crop Insurers and the Crop Insurance and Reinsurance Bureau are urging the Senate to reject all the amendments that would change the crop insurance section of the farm bill but reform coalitions are urging the senators to consider passing them.
WASHINGTON — As the Senate makes plans to take up the farm bill, the Environmental Working Group last week released a study of crop insurance that shows some farms get big premium subsidies including those in North Dakota and Minnesota and urged Congress to consider releasing the names of crop insurance beneficiaries and putting limits on the subsidies.
The subsidy, free insurance that would cover farmers' "shallow crop losses" before their paid insurance kicks in, has been pushed by corn and soybean farmers who could benefit the most from the program. It would replace for the most part several other subsidy programs, including direct payments preferred by Southern rice and cotton farmers.
Corn farmers in North Dakota, South Dakota and Minnesota could lose as much as $2.6 billion because of planting delays this spring, says a company that provides global crop insurance and risk management.
There were some weary insurance agents in the region March 16. There were plenty of farmers with better-than-usual crop insurance coverage, too.
March 15 was the deadline for purchasing or modifying crop insurance for spring-planted crops this growing season
WASHINGTON — The government’s cost of insuring increasingly valuable crops could double this year to about $9 billion, but the amount of savings from the Obama administration’s renegotiation of the agreement with crop insurance companies also may be more than twice than what was expected, key industry leaders said March 8.
FARGO, N.D. — A third year of difficulties in planting crops in some of the wettest areas of the region could spell trouble for farmers wanting to use prevent-plant insurance, a crop insurance official says.
INDIAN WELLS, Calif. — USDA Risk Management Agency Administrator Bill Murphy said Feb. 4 that the cost of the producer premium subsidy for crop insurance could reach $5.5 billion in 2011, but that if Congress cuts the subsidy, farmers are likely to cut back on their coverage for potential losses.
INDIAN WELLS, Calif. — Federal subsidies for crop insurance premiums could be a target for cuts as Congress tries to reduce the budget deficit and wrestles with a new farm bill in 2012, a key American Farm Bureau Federation lobbyist said Feb. 3 at the annual meeting of the Crop Insurance Research Bureau in Indian Wells, Calif.
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