President Obama proposes cuts to crop insurance

us crop insurance program

2017 budget plan aims to cut $18 billion in funding for the Department of Agriculture President Barack Obama has proposed a budget plan for 2017 that could have a major impact on farmers throughout the country. These farmers rely on crop insurance to protect them from the financial implications of natural disasters and underproduction, but this form of coverage has become a financial burden on the country. Obama has proposed to cut some $18 billion in funding for crop coverage offered through the Department of Agriculture over the next 10…

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NFBF seeks action on crop insurance provision

crop insurance program

NFBF petitions federal agency to implement insurance provision The Nebraska Farm Bureau Federation (NFBF) is petitioning the U.S. Department of Agriculture to implement a new crop insurance provision that was introduced in the 2014 Farm Bill. The provision may help farmers in Nebraska recover from the loss of their crops due to powerful natural disasters that occurred during the spring of this year. Nebraska was struck by several hailstorms and tornadoes that caused significant agricultural damage, leaving many farmers in a precarious financial situation. 2014 is proving difficult for the…

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Crop insurance in the US braces for costly impact

Crop Insurance

Crop insurance payouts could be a costly issue The U.S. has been battered by an extensive and severe drought that has destroyed farmlands throughout much of the country. The drought has been a significant problem for some time and has been at the center of arguments and legislative action concerning the issue of crop insurance. Even before the drought took hold of the country, crop insurance was a hot issue. Now, the economic impact of insurance payouts that many have feared are becoming a reality. Analysts suggest insurance payouts could…

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