Tag: crop insurance news

Latest insurance news report shows crop subsidy cap could create $1 billion in annual savings

Julie Campbell
Crop Insurance cuts

Crop insurance news update The latest Congressional auditors insurance news report, which is set to be released on April 19, 2012, will show that if there is a reduction in the subsidies given to large farms to pay for most of their crop coverage, the federal government would see an annual savings of approximately $1 billion. This report suggested that the government could cap the maximum amount to be paid to farmers every year through this subsidy at $40,000, in a similar way to the caps made by the government…

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Lawmakers clash with Obama administration over the matter of crop insurance

Federal legislators representing various agriculture committees in Congress have rejected the cuts to crop insurance President Obama unveiled in his budget plan this week. The plan looks to cut $8 billion in funding for crop insurance throughout the country. Legislators claim that this would be a major blow to many farmers, especially those in areas that are prone to seeing natural disasters. The Obama administration is keen to make cuts to crop insurance because it claims that some farmers are abusing the system, as they will be paid for their…

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Hawaii’s volcanic gases spur renewed disaster declaration for the agriculture industry

Marc

The U.S. department of Agriculture has renewed a disaster claim for Hawaii regarding lingering volcanic gasses that are causing damage to agriculture. The state is well known for its many volcanoes, which have become an attraction for tourists around the world. While the volcanoes are famously beautiful and awe inspiring, they are also the source of dangerous emissions that can kill plant life and cause serious health problems. The renewed disaster declaration concerns gasses coming from Kilauea Volcano, which began spewing fumes late last year. The declaration will allow farmers…

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Federal crop insurance program hinders organic farm growth

Julie Campbell

Though there has been an increase in consumer demand for consumer foods, some producers are finding that the federal crop insurance program – which was created to assist farmers – is hindering their ability to expand. This, according to Matt McLean, the founder of Uncle Matt’s Organic Inc, which has become the largest organic citrus producer in Florida, after having started in 1999 with only 5 acres of oranges. The reason that McLean and other farmers are making this claim is that organic producers are required to pay a surcharge…

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Importance of crop insurance highlighted at the 26th Annual Corn Growers Association meeting

Nordstrom

As farmers from all over the country convened over the weekend to attend the 26th Annual Corn Growers Association in Sioux Falls, South Dakota, crop insurance was on everyone’s mind. With 2011 being recognized as a record breaking year in terms of natural disasters, and the persistent problems spawned from a turbulent climate, farmers throughout the country have been facing significant difficulties with keeping their crops alive. As crops are lost, farmers lose their ability to make a living. Most farmers receive money from the government, but this money is…

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