Live Insurance News

Growers are running out of time before the crop insurance deadline

September 24, 2015September 23, 2015 Julie Campbell

The Risk Management Agency of the USDA is reminding farmers that they need to act soon, if they haven’t already. A crop insurance reminder has been issued by the Risk Management Agency (RMA) at the USDA to growers in Alabama who intend to purchase coverage, as the deadline of September 30 is coming up quickly. The deadline applies to the coverage available for a range of different types of crops in different counties. For instance, the crop insurance deadline includes policies in Limestone County for canola, as well as for…

Crop insurance available for winter wheat

August 5, 2015August 5, 2015 Julie Campbell

The Department of Agriculture has now given its approval for coverage in all South Dakota counties. A new decision has been made with regards to the availability of crop insurance in South Dakota, as growers in all counties of the state can now obtain coverage for winter wheat, which is good news to them as well as other industries, as well. In fact, pheasant and duck hunters may also be quite pleased by this new insurance coverage decision. The departments of Agriculture and of Game, Fish, and Parks, in South…

Last year saw crop insurance payments plummet

May 14, 2015May 13, 2015 Julie Campbell

Since 2014 saw pretty good production throughout the year, the federal program had to make far fewer payouts. In terms of the overall 2014 growing year, the calculations by the Risk Management Agency of the U.S. Department of Agriculture with regards to the federal crop insurance program have shown that last year saw a reduction in payments by 26 percent when compared to the figures from the year before. The agency report showed in 2014, there was a total of $8.8 billion in payments for yield and price loss coverage.…

Newly designed farm insurance is on its way

December 16, 2014December 13, 2014 H. Cutner

Farmers in Colorado are now preparing for the roll out of a new type of coverage for their businesses. Local farmers in Colorado are now preparing for two different meetings that are being held on farm insurance by way of the Farm Service Agency and that are designed to be highly informative about the new kind of coverage that will be rolling out. The new programs that will be starting through the 2014 Farm Bill will take over for previous broadly used plans. The new farm insurance programs will provide…

Small farmers may find large benefit from new crop insurance program

October 23, 2014October 21, 2014 Julie Campbell

Ranchers and growers in North Dakota who were previously unable to find coverage will soon have new options. In North Dakota, small farmers and ranchers have either struggled to find crop insurance coverage or who have been completely unable to purchase a policy will now be able to take advantage of a new program option for 2015. Previously, growers that were not large enough of any given crop may not have qualified for farm insurance. Until now, smaller producers, such as specialty vegetable growers and organic farms, such as those…

Crop insurance could cease to be offered by Deere

October 3, 2014September 30, 2014 Julie Campbell

The company is reviewing its options in offering this protection as it works to stay on top of a struggling industry. Deere has been selling crop insurance for eight years, but is now reviewing this part of its business and is considering withdrawal from that market as the well recognized tractor and farm equipment manufacturer continues its struggle in a farm economy that seems to be refusing to recover. The company has stated that it intends to review strategic options when it comes to this coverage unit. That said, Deere…

Crop insurance claims already increasing in Canada

August 5, 2014August 2, 2014 H. Cutner

As another summer comes with devastating flooding, farmers are already contacting their insurers. As farmers begin to have the opportunity to see how much of their land has been affected by flooding in Saskatchewan, Canada, they are submitting their crop insurance claims on an increasing basis. It is believed that the full impact of the flooding throughout Saskatchewan will not be known until the fall. According to Rae Groeneveld, from the Saskatchewan Crop Insurance Corporation, by July 29, there had already been 792 claims submitted, pre-harvest. He explained that “A…