HEADLINES & MEDIA
But farmers aren’t the only group that has come to love crop insurance. Bankers love it too. That’s because when farmers approach bankers for production loans, bankers regard a crop insurance policy as a form of collateral. Additionally, bankers know that a farmer who has paid his own money for a crop insurance policy is a farmer who has risk management in mind.
Bill Bridgeforth, a farmer from Tanner, Alabama, in Tennessee Valley Agriculture, an insert in the Athens News-Courier, on April 27, 2013.
“The federal government provides crop insurance subsidies to farmers in part to achieve high crop insurance participation and coverage levels, which are intended, according to USDA economists, to reduce the need for ad hoc disaster assistance payment to help farmers recover from natural disasters which can be costly."
GAO Report on Crop Insurance, March, 2013
“Over the last 15 years, crop insurance is where we have been trying to help move farmers in terms of taking advantage of risk management tools for their crops. “It is still the central focus of where we think farmers ought to be able to have easy access to insure their crops and insure some type of revenue out of it. It makes the most sense to me and always has.”
Congressman John Boehner, Agri-Pulse interview, March 4, 2013
Crop insurance payments made a huge difference for many farmers that suffered drought losses. U.S. crop insurance is easy and a comprehensive marketing tool that protects against yield losses and price declines. The program works.
William Edwards, an agricultural economist at Iowa State University, Bloomberg News, January 15, 2013
But there are those who are making uninformed and uneducated criticisms about crop insurance – and America’s farmers – in the midst of this national tragedy. According to the Washington-based Environmental Working Group, farmers have been 'praying for drought, not rain.' Really? I’ve seen a lot of looks on the faces of my fellow farmers this past summer, as their crops and have withered despite their best efforts and their hopes for a great harvest have been dashed."
Mark Drewes, a farmer from Custar Ohio, in the Bowling Green Sentinel Tribune on September 18, 2012.
Crop insurance was the No. 1 tool that farmers said they needed, that they rely on. As we look at eliminating direct payments, we think that it’s very important that crop insurance be intact.
Senator Debbie Stabenow, Chairman, Senate Agriculture Committee, December 6, 2012