Tag: farmers insurance

Crop insurance push made for conservation requirements

G. Turner
Crop Insurance conservation

Rep. Mike Thompson wants the subsidized coverage to require compliance for eligibility. Among the differences between the current federally subsidized crop insurance program and the older systems of farmer subsidies is that it has detached itself from having to comply with conservation in order to be eligible. Older programs all required that farmers preserve wetlands, soils, wildlife habitat, etc, in exchange for the assistance. However, since 1996, farmers no longer had to meet the conservation minimum USDA requirement in order to be able to receive crop insurance subsidies, even at…

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Crop insurance subsidy could come to an end for tobacco farmers

G. Turner
private Crop Insurance

Growers of these plants in Kentucky are strongly opposed to this new proposal to end their programs. An amendment to the 2013 Farm Bill was proposed, this week, by Senator Dianne Feinstein (D-California) and Senator John McCain (R-Arizona), which would eliminate eight of the USDA tobacco crop insurance programs. This has caused concern to the Council for Burley Tobacco, which has asked farmers to contact their Senators. The council notified tobacco farmers of the changes that have been proposed for the crop insurance program and have requested that they contact…

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Massive tornado bodes ill for homeowners insurance in Oklahoma and Kansas

S.Vagus
Oklahoma tornado damage - homeowners insurance industry

Homeowners insurance claims teams deployed to states affected by disaster What is being called the worst tornado disaster in world history has caused havoc in Oklahoma and Kansas this week. A powerful tornado has touched down in Oklahoma, causing significant damage in Oklahoma City. Initial reports suggest that the tornado demolished an elementary school in one part of the city before moving on an causing more damage to surrounding properties. Farmers Insurance is one among several companies that have deployed claims teams to help manage the impact of the disaster…

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Crop insurance expansion approved by Senate panel

H. Cutner
Crop Insurance cuts

The farm bill that would broaden the coverage has now received the approval from a U.S. panel. The Senate Agriculture Committee has just approved its version of the farm bill – the House is debating another – which would expand the reach of the federally subsidized crop insurance program and that will cost approximately $500 billion over a period of ten years. The bill will also make some limited cuts on the spending for the food stamps that are issued to the poor. The Senate bill is one thousand pages…

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Crop insurance up for reform in the US

Logan B.
Crop Insurance

US lawmakers begin looking to reform crop insurance program In the U.S., federal lawmakers are working to renovate the country’s financial safety net for farmers. The federal crop insurance program is the most expensive part of this safety net and has long been a controversial subject among politicians and taxpayers alike. In 2012, the capabilities of the crop insurance program were put to the test by a severe drought that gripped much of the country. The drought caused an estimated $35 billion in damage in the Midwest, contributing to an…

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