May 2011
The 2011 Crop Year is Off to a Challenging Start
 
The hopes of the largest and most profitable harvest in U.S. history are being placed into question by a series of historic weather events that are inflicting major damage to America’s agricultural heartland.
 
A cold spring followed by heavy, constant rain and flooding in the corn belt has resulted in extensive delays in plantings with only about 63 percent of the U.S. corn crop being planted to date – considerably less than the five year average of nearly 75 percent – according to the May 16th USDA Crop Progress report.

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AFBF's Thatcher Discusses Crop Insurance as a Key Part of Farm Safety Net
 
There are going to be more challenges to the writing of the 2012 Farm Bill than agriculture has ever seen, said the American Farm Bureau Federation Senior Director of Congressional Relations Mary Kay Thatcher, during a recent interview with the National Association of Farm Broadcasting that ran nationally.
 
“We don’t have as much money to write the Farm Bill as we did in 2008,” noted Thatcher, who added that another challenge is the large number of urban members of Congress who believe that farmers are getting rich off of strong crop prices this year.

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Keeping Crop Insurance Strong
 
With cuts to the farm safety net slated in the proposed 2012 budget, lawmakers should consider 12 essential strengths that make crop insurance the linchpin of the farm safety net programs. In this on-going series, we’ll introduce one strength of crop insurance per month and explain how the sum of these strengths has given us the successful program we have today.
 
Strength: Producers can use crop insurance as collateral for loans.  
 
Banks loan to producers with the expectation that the full loan amount, plus interest, will be repaid in the agreed upon time.

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The 2011 Crop Year is Off to a Challenging Start
AFBF's Thatcher Discusses Crop Insurance as a Key Part of Farm Safety Net
Keeping Crop Insurance Strong

“It’s just a real good risk management tool. We’re able to have famers pay part of the premium and have government pay part of the premium to make it affordable and it just ensures that if we have tough weather - especially like we’re having now - lots of wildfires in Texas and a lot of flooding in the Midwest, that farmers are able to indeed get enough assistance that they can farm for another year.”
 
Mary Kay Thatcher, American Farm Bureau Federation Senior Director of Congressional Relations, speaking on crop insurance during an interview with the National Association of Farm Broadcasting on May 13, 2011.

 


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April 2011
April 26, 2011
Vol. 2011 Issue 1
Published by National Crop Insurance Services
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