Tag: crop insurance subsidies

Crop insurance study shows coverage saved thousands of jobs

Crop Insurance

It is believed that employment was maintained for 17,000 people in Iowa and Nebraska due to the protection. The results of a recent study have shown that the payouts from farms that had federally subsidized crop insurance generated an economic impact of an estimated $2.2 billion across a region of four states, and that it saved 17,000 jobs in Iowa and Nebraska, alone. The researchers who conducted the study were seeking to define the impact of the coverage on the state economies. The purpose of the research was to find…

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Crop insurance program changes are supported by some farmers

Crop Insurance cuts

Some growers in Kansas are giving the nod to a bill that would decrease newly converted land subsidies. Although it would be natural to expect that farmers would be entirely against legislation that would place a tougher limit on crop insurance subsidies, there are some that are expressing their belief that the move is indeed designed to protect their interests over the long term. The changes to the subsidies would mean a reduction for grasslands that had not previously been agriculture space. These changes have to do with the Protect…

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Crop insurance placed back in the spotlight following election

Crop Insurance

Attention for farm bill has become an important target for lawmakers. Now that the election is behind us, crop insurance federal subsidies will return to the spotlight as a major target for lawmakers who are seeking to slash the budget deficit in Congress’s first week of the lame duck session. Experts in agricultural policy feel that this is a typical week following a general election. Many doubt, however, that lawmakers will be able to make their way through the deadlock they have been facing regarding the enacting of a $500…

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Over $1 million in crop insurance premiums paid to U.S. farms in 2011

Crop insurance

Environmental Working Group now requesting reduction in growers’ subsidies from Congress. The Environmental Working Group (EWG), an organization based in Washington, has performed an analysis that has shown that just over 24 U.S. farm operations received more than $1 million in crop insurance premiums payments – each – in 2011, and it has now made a call to Congress to decrease those growers’ subsidies. Policyholders numbering over 100,000 received at least $100,000 each in insurance premium subsidies. The EWG explained in a statement that its calculations were based on records…

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