November 2011 Crop Insurance: Private Sector Participation Enhances Policy Efficacy   Most would agree that the private sector excels at some tasks while the government is better-suited for others. This melding of the private and public sectors has yielded a crop insurance policy with affordable premiums, personalized risk management solutions and a private delivery system that puts needed monies into the hands of farmers when timing is critical.   Crop insurance covers 128 crops, including all major grain crops and cotton, nursery, citrus, rice, potatoes, and livestock. Farmers can cover their crops for all natural disasters, including wildfire, earthquake, volcanic eruptions and even irrigated water issues. Because the policy is personalized, each farmer tailors the policy to match his specific risk and desired coverage. [VIEW THE FULL STORY]   Mid Atlantic Lender Sold On Crop Insurance   Kenny Bounds feels strongly about crop insurance.   “For ag lenders, crop insurance is portfolio insurance,” says Bounds (56), the Government Affairs Officer for Mid Atlantic Farm Credit, which serves five states. Bounds has been in ag lending for his entire career and lives on Maryland’s Eastern Shore.   “I tell our producers that anyone who self-insures is rolling the dice and may well end up losing the gamble. It can take years to regain the net worth lost in one bad year and years of additional debt service to amortize the loss. Crop insurance protects cash flow, as well as net worth and keeps you credit worthy.” [VIEW THE FULL STORY]   When Mother Nature Gives You A Jolt, Crop Insurance is There by Quentin Bowen 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 shot at farmers this year. I’m referring to massive droughts in the Southern plains, record flooding in the upper Midwest, wildfires in Texas, a devastating freeze in Florida, and hurricanes and tropical storms that are still on their way. [VIEW THE FULL STORY]   Crop Insurance: Private Sector Participation Enhances Policy Efficacy Mid Atlantic Lender Sold On Crop Insurance When Mother Nature Gives You A Jolt, Crop Insurance is There “Farmers like me need to have access to affordable risk management tools to better mitigate the impact of significant crop losses and sharp price declines. This is why the upcoming farm bill is so important. It is not about providing income to the less than 2% of the American population. It is about insuring that the same 2% can continue to provide affordable food for the other 98% of Americans who rely on them.”   Testimony Of Clark Gerstacker Michigan Corn and Soybean Farmer, Before the U.S. Senate Agriculture Committee at Farm Bill Field Hearing, The Kellogg Center Michigan State University East Lansing, Michigan, April 9, 2011   Home About Crop Insurance Media Room Real Stories Show Your Support Resources Contact October 2011 September 2011 August 2011 July 2011 June 2011 May 2011 April 2011 Published by National Crop Insurance Services Copyright © 2011 National Crop Insurance Services. All rights reserved. TELL A FRIEND

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