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Crop Insurance Industry Disappointed With USDA Agreement

June 2010

The crop insurance industry is surprised that even after repeated requests by Congress, producers and the Industry, the Administration still plans to cut the crop insurance program by $6 billion over the next ten years. USDA’s Risk Management Agency released its final draft of the Standard Reinsurance Agreement this month.  “We negotiated this contract in good faith with USDA and we are frustrated that our concerns for the financial stability of this 30-year program were not adequately addressed,” said Bob Parkerson, President of National Crop Insurance Services.

Wisconsin Ag Connection

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