Crop Insurance Basics: Actual Production History
One of crop insurance’s defining attributes is its self-correcting nature. That is, farmers who exhibit more risk pay more than those who exhibit less – much in the same way that car insurers reward safe drivers. This is done by collecting and analyzing a producer’s Actual Production History (APH), which takes into account a grower’s […]
Crop Insurance Basics: Available to All
In the everyday insurance world, coverage may sometimes be hard to come by. That can be true if you’ve had a disaster – such as a fire in your home – or live in an area at high risk for disaster. Car insurance coverage may be more expensive or even denied if you are a […]
Agricultural Coalition Sends Letters Urging Federal Leaders to Protect Crop Insurance
With a new Administration taking control in Washington, D.C., and many new members joining Congress, it’s more important than ever to remind elected leaders the crucial role crop insurance plays in protecting farmers, ranchers, and rural communities. That’s why a group of 58 farming, banking, and conservation organizations sent letters last week to House and […]
Crop Insurance Basics: Good Farming Practices
Suppose you’re a homeowner who intentionally neglects your property, refusing to make basic repairs and even creating unsafe conditions like exposed wires or leaky pipes. Now suppose your house, not surprisingly, is damaged from a resulting fire or flood. Are you entitled to a full homeowner’s insurance payout? Of course not. A homeowner’s policy has […]
Crop Insurance Basics: Cost Sharing
Federal crop insurance is arguably the first farm policy in history that is financed, in part, by the farmers who benefit from it. Unlike farm policies of the past, which were 100 percent backed by taxpayers, modern-day farm policy requires growers to take an active role in sharing the financial costs of protecting America’s crops […]
Crop Insurance Basics: Actuarially Sound
Unless you’re an economist, an insurance guru, or a pension fund manager, chances are good you’re not overly familiar with the term actuarial soundness. In short, it’s a fancy way of saying “the math must work.” For example, an actuarially sound pension fund will have enough money in the bank to meet future obligations. If […]
Crop Insurance Protected U.S. Farmers, Rural Communities as Weather, Health, Political Challenges Rocked the Nation in 2020
U.S. crop insurance policies protected the country’s farmers and ranchers and ensured rural communities stayed strong in the face of the COVID-19 pandemic, tornadoes, hurricanes, and political unrest. In all, those policies protected 398 million acres of land in 2020. In her opening remarks at the crop insurance industry’s annual meeting, Kendall Jones, chair of […]
NCIS Scholarship Program Helps Students, Promotes Diversity in Agriculture
Jaevien Akinmola grew up helping his grandfather raise vegetables and fruit in rural South Carolina. Farming was everywhere in his hometown of Manning. He could walk out his front door and into a farm field just down the road. Today, Akinmola is studying Agribusiness at South Carolina State University. He has big plans to be […]
Stronger Together: Farmers Count on Crop Insurance During Difficult Year
“America’s farmers and ranchers never stopped their essential work of feeding America,” Zacharias said. “That’s why crop insurers, agents, adjusters and our partners at USDA have continually worked to support the farm community. It has been our priority to maintain our incredible record of service to the American farmer during this tough year.”
“It would be an understatement to say that farmers face an unpredictable future, but fortunately crop insurance is a predictable risk management tool,” Zacharias added.
Through Tough Years and Unexpected Hardships, Crop Insurance Helps Farmers Stay in Business
Just along the Texas-New Mexico border lies the small town of Texline. This west Texas community is where Valerie and Michael Diller raised their family while growing corn, wheat, hay and caring for sheep. Farming isn’t easy, and the Diller family has experienced their fair share of heartbreak. They credit crop insurance with helping their […]
