President Donald Trump’s budget is expected to be released on Tuesday and it’s still not known if or how much the president is expected to cut from farm subsidies and other programs that serve rural areas. Early press reports indicate that farm subsidies will be part of $1.7 trillion in proposed cuts to mandatory spending. House Ag Committee Chair Mike …
A group of 60 national farm, lending, ag input, conservation, and crop insurance and reinsurance organizations, led by the Crop Insurance and Reinsurance Bureau, sent a letter to the Administration and key lawmakers opposing cuts to crop insurance during the upcoming budget and appropriations processes and in the 2018 Farm Bill.
A new study has found private crop insurance company returns have declined significantly since the 2010 renegotiation of the Standard Reinsurance Agreement. The agreement is between the insurance companies and the federal government.
A new report by the Farm Credit Services of America shows crop insurance saved nearly 21,000 jobs in four states during the 2012 drought.
Many California producers now take advantage of crop insurance programs. A Minnesota congressman is concerned about possible reduced crop insurance funding in the next farm bill.