August 2011
Leading Lawmakers Laud Crop Insurance
 
As the recent budget deal is interpreted and the Farm Bill debate heats up, important members of the House Agriculture Committee are singing the praises of crop insurance and underscoring its prominence as a necessary risk management tool that helps farmers weather adversity.
 
Both the Chairman and top Democrat on the Subcommittee on General Farm Commodities & Risk Management – which has jurisdiction over farm policy and crop insurance – addressed the sugar industry’s annual conference – The International Sweetener Symposium – held July 29 until August 3 in Stowe, Vermont.

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Issue Brief: Crop Insurance
 
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 public-private partnership that has constantly evolved and improved over the years. Today’s crop insurance system marries the best of government and the business community to speed assistance to farmers when they need it the most while limiting taxpayer exposure.

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Keeping Crop Insurance Strong
 
The 2012 budget will likely include modifications and reductions to the farm safety net. Policy makers should consider 12 essential strengths that make crop insurance the corner stone 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:  Producer indemnities are not capped by arbitrary payment limits.

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Leading Lawmakers Laud Crop Insurance
Issue Brief: Crop Insurance
Keeping Crop Insurance Strong

“I know many farmers are probably eager to hear the department’s comments regarding crop insurance. Most farmers tell me crop insurance is crucial to their operations…” 
Senator Chuck Grassley, June 22, 2011 Senate Hearing on Accountability of USDA programs.

 


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July 2011
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Vol. 2011 Issue 2
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