Total government spending on farm safety net programs – including all commodity programs and crop insurance – dropped by two-thirds from fiscal years 2000 to 2012, according to data provided by USDA and the Congressional Budget Office. The reduction took place as spending on commodity programs – including direct, counter-cyclical, loan deficiency and other payments which once…
By Thomas P. Zacharias Admittedly, opponents of farm policy attract more headlines than the men and women who put food on our tables and clothes on our backs. Then again, it is far easier to get attention with sensationalist claims and unsubstantiated data. Take the drought of 2012 for example. Opponents of crop insurance made…
by Bing Von Bergen There is a lot of buzz in Washington again this year about the prospects of a farm bill. For those of us in agriculture, a five-year farm bill is one of the few things Congress can do to take some of the guesswork out of farming. That’s because farming is an…
As crop insurers prepare for the Farm Bill and funding deliberations in the future, National Crop Insurance Services (NCIS) has released a detailed question-and-answer resource laying out the facts about crop insurance and dispelling some of the most common arguments against crop insurance put forth by its critics. “Crop insurance is the single most important…
Former USDA Chief Economist Keith Collins, Ph.D., predicts a smaller farm safety net in the future, but one that cements crop insurance. “We will see a greater evolution in the reliance on crop insurance in 2013,” Collins said. Collins stated that one only needs to look at the past few years to recognize…
As lawmakers debate the next Farm Bill, more than 40 commodity groups, lending organizations, input suppliers and other stakeholders are calling on Congress to oppose to any changes to crop insurance that would discourage producer participation in insurance or undermine private sector delivery of insurance products. “In agriculture, one thing is for certain: crop loss…
(OVERLAND PARK, Kan.) — Critics who said that farmers who purchased crop insurance were “praying for drought, not praying for rain” or were “laughing all the way to the bank” during last summer’s historic drought were strongly rebuked by farmers, crop insurance agents and claims adjusters in a new video released today by National Crop…
Published in The Hill Congress Blog There is a huge story playing out right before our very eyes this year in agriculture that nearly everyone is missing: Despite the fact that this nation has faced two of the worst farming years in decades – with devastating drought in the Southern Plains and flooding in the…
By Rene Pastor On land where wheat stalks, heavy with grain, would normally wave on a breeze in the late summer, the searing drought of 2012 has zapped nearly every inch of land across the Kansas plain, leaving it burnt and lifeless. There was no way to hide from the drought in the Grain Belt.…
As one of history’s longest, most widespread droughts continues to suffocate crops and livestock nationwide, the importance of crop insurance is becoming increasingly obvious to those in agriculture. Yet, despite what the vast majority of the farmers and ranchers who are being affected by the drought and counting on the reliability and efficiency of crop…
According to the American Academy of Actuaries, “for a risk pool to remain viable, it must be of sufficient size and comprised of a broad cross section of risks.” In other words, in order for risky folks to have access to affordable insurance, less risky people need to participate too. This is true whether you’re…
Earlier this week, National Crop Insurance Services (NCIS) released the first of what is to be a series of educational videos explaining the importance of crop insurance and its functionality among American agriculture. In this video, aptly titled “Crop Insurance 101,” Tom Zacharias, president of NCIS, reviews the history of the program, why it was…
U.S. agriculture is a driving force in our national economy, helping to lift the U.S. out of two economic recessions in the past 12 years, working to reduce our country’s trade deficit, and making our nation and world more secure by ensuring that food is safe, abundant, and affordable. And cost-effective U.S. farm policy that…
As a former chief economist for the U.S. Department of Agriculture I can attest to the fact that farming is indeed a risky business. News reports out of USDA’s Risk Management Agency underscore that point all too clearly: With some 15 percent of all crop insurance claims yet to be processed, crop insurance companies have…
Sitting on a combine for 12 hours a day harvesting corn and soybeans gives a person a certain degree of clarity, combined with long blocks of time to think and analyze. Looking at the corn I’m harvesting, I marvel at the fact that somehow, my family farm managed to dodge the many bullets Mother Nature…
It’s no great surprise when a well-funded libertarian think tank full of Washington policy wonks pushes for the belief that the federal government should not be involved in crop insurance and other key farm policies. But those of us in farming know better. All we need to do is to remember the recent floods, droughts…
Issue Summary: Having a strong agricultural sector that provides an abundant and affordable supply of food and fiber is key to any country’s security, which explains why most countries have farm policies in place to help promote and sustain domestic production. A key component to America’s food, fiber, and farm policy is crop insurance, a…
WASHINGTON (April 13, 2010)—In a letter to Secretary of Agriculture Tom Vilsack on Friday, the American Farm Bureau Federation (AFBF) and other leading farm groups voiced their serious concerns over reductions to the budget baseline for agriculture that would result from the renegotiation of the Standard Reinsurance Agreement (SRA), the contract between the USDA and…
WASHINGTON (Aug. 24, 2009)—Ten U.S. Senators sent a bipartisan letter to the United States Department of Agriculture (USDA) last week urging its Risk Management Agency (RMA) to approach upcoming negotiations over the Federal Crop Insurance Program with great care. Led by Senate Agriculture Committee Chairman Tom Harkin (D-IA) and Senator Saxby Chambliss (GA), the Committee’s…
WASHINGTON (Nov. 6, 2007)—Last week, Senator Sherrod Brown (D-Ohio) announced that he intended to offer an amendment to the farm bill that would price farmers and ranchers out of insurance while forcing many providers out of business. The Brown bill is based on the failed amendment offered during House floor consideration by Congressman Jim Cooper…
Now is the time to protect the one thing beginning farmers and their bankers can count on.
When it comes to economic conditions on the farm, the theme of Reuters, Bloomberg, and some other news outlets is to speak only of bumper crops and expected higher Farm Bill costs. In the aggregate—though that is not how farmers repay their loans or obtain financing—U.S. farm income will not be up as one might…
During the Farm Bill debate, many agricultural leaders pointed out the fact that farm policy should be written for the bad times, not the good. It appears that such challenging times might be here sooner rather than later, with the U.S. Department of Agriculture’s Economic Research Service (ERS) forecasting farm income to drop 14…
“It underscores why wheat farmers see crop insurance as a top priority…”
With crop insurance’s popularity rising in rural America and on Capitol Hill, and with the policy’s budget outlays falling, we’re guessing one of its harshest critics, the Environmental Working Group (EWG), is running out of believable critiques. So now it’s resorted to pure fiction.
“Agricultural production in this country is the envy of the world. One of the reasons it has been successful is because of the investments we have made in farm policy and crop insurance through the years.”
As farming and farm products change to meet market needs, crop insurance will continue to adapt and expand to meet the needs of our producers.
In an election year that has seen sharp divides among candidates and voters on the major issues of the day, there is one policy area that is receiving widespread, bipartisan support: farm policy and crop insurance.
The National Crop Insurance Services (NCIS) recently released a new educational video to illustrate how Americans benefit from crop insurance and to push back on the tactics of farm policy opponents who try to misrepresent the facts surrounding crop insurance and other important facets of U.S. farm policy.
Without any consultation with America’s farmers, or apparently even elected leaders from rural America, a handful of lawmakers fast-tracked a new budget proposal that would decimate crop insurance.
Whether you’re a peach grower in South Carolina like me or a corn farmer in Iowa or a cherry grower in Michigan or a cotton farmer in Texas, crop insurance is designed to cover you when disasters strike. And the more farmers buying policies, the better we all are in the long run because that spreads the risk.
Despite what farm policy critics would have you believe, farm policy is anything but a handout for farmers. In fact, newly released data from the National Crop Insurance Services (NCIS) demonstrates that farmers are taking care of their own and in the process reducing the cost to the federal government.
The Washington Post Editorial Board recently published an opinion piece arguing that Congress should cut the farm safety net that helps farmers and ranchers navigate disaster and keeps us all fed. Drawing upon discredited anti-farmer reports, they laid out just how disastrous farm policy has been for America: ✅ Supports a “fantastically productive agricultural sector” ✅ Provides a safe, abundant, and affordable supply…
America’s farmers and ranchers provide us with the world’s most abundant and most affordable food supply. America’s food independence is an invaluable strategic asset and one that we absolutely cannot take for granted. It’s critical to our national security. Agriculture Secretary Tom Vilsack recently put it into simple terms. Voters agree. A survey conducted by…
It’s budget season on Capitol Hill, and when it comes to the federal budget, there is no better investment than farm policy. That’s because only a fraction of a percent of federal spending is directed towards the farm safety net. Yet, that small budget supports family farmers, protects our national food security, and drives economic…
Collin Peterson, former Chairman of the House Agriculture Committee, wrote a must-read op-ed outlining the FACTS behind farm policy. “We have agriculture policy in this country for a reason. Among the lessons the pandemic taught us is not to take for granted full grocery shelves, safe food, and the fact that we as Americans pay less…
Look who’s back, back again. It’s the Environmental Working Group (EWG) and its anti-family farmer campaign. EWG’s latest faulty report is making the rounds, so it’s time to bust some #FarmPolicyFallacies. For those not familiar with EWG, it uses an outdated and intentionally misleading “farm subsidy database” to gin up opposition to the farm policies that support U.S. family farmers and keep food…
Congressman Glenn “GT” Thompson, Chairman of the House Agriculture Committee, knows there’s a sense of urgency to pass a Farm Bill before the current legislation expires on October 1. “Rural America needs it,” he explained on the most recent episode of Farm Policy Fact’s Groundwork podcast. “Our farmers, ranchers, and foresters, our processors – key stakeholders…
When you look at farms across the American southwest, you’re struck by the incredible diversity of agriculture. Rice, poultry, timber, peanuts, pecans, cotton, corn and “all the vegetables you can imagine” help fuel our national food and fiber supply. Jim Sugarek, president of the Southwest Council of Agribusiness, told the Groundwork podcast that each of the half a…
For decades, West Texas cotton growers have had a fearless champion on their side: Steve Verett. As the recently retired CEO of Plains Cotton Growers, Verett advocated for both cotton growers and all of agriculture with passion and authenticity. Verett joined Farm Policy Fact’s Groundwork podcast to reflect on his career and talk about what…