New Report on Specialty Crop Insurance

Kelly Marshall

The USDA’s Economic Research Service has released a new report entitled “Changes to the Noninsured Crop Disaster Assistance Program Under the Agricultural Act of 2014: Their Potential Risk Reduction Impacts.” The report looks at the impact of the Buy-Up coverage addition to the Noninsured Crop Disaster Assistance Program (NAP). The study found that Buy-Up coverage can better mitigate a farmer’s …

Crop Insurance, Specialty Crops, USDA

Trump’s Proposed Budget Meets Mixed Reviews

Kelly Marshall

Secretary of Agriculture Sonny Perdue offered a positive perspective, but farm groups are reacting to Trump’s proposed 2018 budget in the opposite way.   American Farm Bureau Federation, National Corn Growers Association, American Soybean Association, National Association of Conservation Districts, and whole list of Crop Insurance organizations oppose the $4 billion in cuts to the U.S. Department of Agriculture. “I don’t …

Ag Group, Crop Insurance, Farm Bill, Government, USDA

Ag Groups Testify at House Hearing

Kelly Marshall

National Corn Growers Association (NCGA) President Wesley Spurlock, and American Soybean Association (ASA) President Ron Moore both addressed the House Agriculture Subcommittee on General Farm Commodities and Risk Management earlier this week. Both testimonies spoke about the need for a strong risk management plan in a weak farm economy, noting the current prices of both corn and soybeans. “Farm prices …

Ag Group, ASA, Crop Insurance, Farm Bill, Government, NCGA

#FarmBillSummit Addresses Crop Insurance

Kelly Marshall

Tom Zacharias, president of National Crop Insurance Services (NCIS), was among the speakers invited to address this week’s Agri-Pulse Farm Bill Summit in Washington, D.C. Zacharias stressed the role crop insurance plays in ensuring a strong and vibrant agricultural sector, which is critical to the well-being of our economy and society as a whole. “The role of both state and …

Audio, Crop Insurance, Farm Bill, Uncategorized

International Ag Purchased by ProAg Insurance Group

Kelly Marshall

Producers Ag Insurance Group, Inc. (ProAg), announced a purchase agreement had been signed to acquire crop managing general agent (MGA) International Ag Insurance Solutions, LLC (International Ag). The transaction, which is subject to a number of closing conditions including final approvals by certain International Ag members and regulatory authorities, is expected to close by April 3, 2017. “ProAg believes International …

Agribusiness, Crop Insurance

Challenges and Opportunities for #CIRB2017

Kelly Marshall

The 53rd annual meeting of the Crop Insurance and Reinsurance Bureau is officially underway with the theme of Change-Challenge-Opportunity and record attendance, according to Executive Vice President Michael Torrey. “I think it reflects the theme,” said Torrey. “Obviously a transition is going on, there’s going to be a lot of new people, and we’re going to have a lot of …

Ag Group, Audio, Crop Insurance

Crop Insurance Education for Capitol Hill

Kelly Marshall

National Crop Insurance Services (NCIS) is hoping to educate new Congressional staff members and the media about what crop insurance means to American farmers. To that end they’ve created  an informational video featuring the knowledge of Tom Zacharias, President of NCIS. “Farming is no easy task. It is one of the riskiest enterprises in the world, defined by uncontrollable conditions …

Crop Insurance