Tag: growers insurance

Crop insurance payouts in Indiana reach new high

private Crop Insurance

The current estimate is that there have already been $1.04 billion paid out following the 2012 drought. The drought of 2012 left massive damage behind for farms throughout Indiana, and it is now estimated that the result of that devastation is over $1.04 billion in crop insurance payouts; a level that surpasses the payments from all previous years. This represents a massive loss in the state, particularly because one quarter of Indiana crops are uninsured. The U.S. Department of Agriculture (USDA) released these statistics this week, highlighting the damage that…

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Crop insurance fraud ring bust made, worth $100 million

Julie Campbell
Crop Insurance Fraud

A North Carolina scam involved 41 people who have either pleaded guilty or reached plea agreements. Federal investigators have now discovered the truth behind a massive crop insurance bust that involved dozens of farmers, brokers, claims adjusters, and agents in eastern North Carolina, which had intended to defraud their policies for at least $100 million. Authorities have said that the investigation is ongoing, but it has already proved to be the largest scam ring in the U.S. So far, there have been 41 defendants that have either pleaded guilty to…

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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 fraud detected in NC worth $21 million

Marc
Crop Insurance Fraud

A North Carolina man will now be going to jail for his role in the multimillion dollar scam. A man living in North Carolina will be leaving his current home in order to take up residence in jail after having taken part in a crop insurance fraud scam that is currently estimated to have stolen approximately $21 million. The scandal has stretched over several participants but this individual has just pled guilty to his crimes. The man’s name is Jimmy Thomas Sasser, from Wilson, North Carolina. On Wednesday, he stated…

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Crop insurance deadline for spring seeded plants is approaching

Crop Insurance

Maryland farmers are being reminded that the last day for purchasing coverage is nearly here. Farmers in Maryland have been issued a reminder by the state’s Department of Agriculture, in order to make sure that they are aware of the fact that if they want to buy crop insurance for spring seeded crops – or alter the coverage that they already have – they will need to do so by the deadline of March 15. Some of the types of plant that are included in this coverage include soybeans, corn,…

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