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 …

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 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 …

#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 …

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 …

Round Two for @CIRBdc Emerging Leaders

Kelly Marshall

This is the second year of the Crop Insurance and Reinsurance Bureau (CIRB) Emerging Leaders Program and it was so popular last year that this year’s class is almost double in size. Jim Konstanty, PartnerRe, was a member of the first ELP class and we followed up with him this year to see how the program helped him. “It’s really …

Political Forecast from #CIRB2017

Kelly Marshall

Last year at the Crop Insurance and Reinsurance Bureau (CIRB) annual meeting, there were still lots of candidates for president and Informa Economics Senior VP Jim Wiesemeyer talked about what they might mean to the future of agriculture. This year, he only had to focus on the one who actually made it to the White House. “It’s a great time …

Meet Emerging Leaders in Crop Insurance

Cindy Zimmerman

Last year at the Crop Insurance and Reinsurance Bureau annual meeting, we heard about the first class of the organization’s Emerging Leaders Program. The program was so popular that the second class has almost twice the members and we had a chance to talk with two of those emerging leaders at the meeting last week. Chock Hefner started his crop …

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 …

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 …