Tag: droughts

Is Crop Insurance Sabotaging Sustainable Farming? The Urgent Reforms We Need Now

Nordstrom
crop insurance reform

The Federal Crop Insurance Program (FCIP) serves as a critical financial safeguard for farmers, offering protection against natural disasters and market fluctuations. However, its current structure often conflicts with the innovative and sustainable practices of regenerative agriculture. This analysis examines the challenges faced by regenerative farmers, the impact of climate change on crop insurance, and the policy reforms necessary to align insurance frameworks with climate-smart practices. Federal Crop Insurance Program Overview The Federal Crop Insurance Program (FCIP), managed by the Risk Management Agency (RMA) of the U.S. Department of Agriculture…

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Crop insurance payouts may break double the previous record

Marc
private Crop Insurance

Some estimates have claimed that the payments will be greater than $25 billion. After crunching the numbers for this year’s crop insurance payments, it looks as though this coverage – which has been vital to farmers this year due to the widespread droughts and floods – it looks as though the payouts will be greater than $25 billion. This will be over twice the $10.8 billion record high that was set in 2011. This year, over 80 percent of the corn fields had crop insurance coverage. Clearly, this was significantly…

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