STAFF BLOG AG RIGHT Living with our decisions
A number of area farmers faced a tough call in the middle of June: Keep trying to plant soggy fields in hopes that the coming weeks would bring exceptionally good growing weather? Or quit planting and... Posted on 7/5/13 at 9:45 AM
2012 might not qualify as a planting year under the Risk Management Agency's “one-in-four” which seems to indicate that if farmers could plant in any one of the previous four years, they would be eligible for prevented-planting insurance.
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.
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