The importance of crop insurance to meet the needs of a growing world population took center stage this week in Kansas City as agricultural leaders from more than 30 countries gathered for the International Association of Agricultural Production Insurers (AIAG) to learn more about the American system.
As a fourth generation Mississippi farmer, I grew up knowing that I worked in a field full of risks. When the weather cooperates, prices dive. When prices are great, foreign markets collapse, sending prices into a sudden nosedive. It’s always something. However, it wasn’t until I actually set out on my own in farming in 2011 that I fully understood just how financially exposed farmers are when they put a crop in the ground.
American wheat farmers lose close to $1 billion in revenue each year because certain countries are violating trade rules under the World Trade Organization (WTO) agreements, according to a new study.