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Crop Insurance Basics: Cost Sharing
/in NEWS /by Elizabeth FusickFederal 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
/in NEWS /by Elizabeth FusickUnless 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 not, […]
Crop Insurance Protected U.S. Farmers, Rural Communities as Weather, Health, Political Challenges Rocked the Nation in 2020
/in NEWS /by Elizabeth FusickU.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 […]
New Study Highlights Crop Insurance’s Role in Maintaining Healthy Soil
/in NEWS /by Elizabeth FusickCrop insurance is not acting as a barrier to the adoption of conservation practices and has a role in helping farmers maintain healthy soil. That’s according to a new peer-reviewed study in the renowned Journal of Environmental Management. During the study, researchers from Purdue University, Arizona State University, and the Nature Conservancy used interviews and a multi-state […]
NCIS Scholarship Program Helps Students, Promotes Diversity in Agriculture
/in NEWS /by Elizabeth FusickJaevien 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 […]
Idaho Farmer: Crop Insurance Helps Farmers Feed America
/in Idaho, NEWS /by Elizabeth FusickLocated in the southeastern corner of Idaho and situated in a high desert environment more than 5,000 feet above sea level, the town of Rockland can be a difficult location to farm. Extreme weather has the potential to quickly devastate crops. Fifth generation Idaho farmer Jamie Kress understands these challenges and that’s why Jamie and […]
Stronger Together: Farmers Count on Crop Insurance During Difficult Year
/in NEWS /by Elizabeth FusickAs America’s farmers and ranchers reflect back on this turbulent year, they’ll recall drought affecting much of America’s farmland, severe winds sweeping across Iowa, a record-breaking hurricane season and – oh yes – the COVID-19 crisis. Throughout the difficulties farmers and ranchers faced in 2020, crop insurance was there to help them endure hardship and […]
Through Tough Years and Unexpected Hardships, Crop Insurance Helps Farmers Stay in Business
/in NEWS, Texas /by Elizabeth FusickJust 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 […]
North Carolina Apple Grower Says Crop Insurance Key to Food Security
/in NEWS, North Carolina /by Elizabeth FusickKenny Barnwell is a fifth-generation apple grower in the mountains of North Carolina. His family farm covers approximately 150 acres and is home to 26 different varieties of apples. This year has been tough for apple growers in North Carolina, much like farmers across the country. Apple growers have faced weather-related damages to their crop […]
Texas Family Says Crop Insurance Saved Their Farm
/in NEWS, Texas /by Elizabeth FusickValerie Diller met her husband Michael while they were students at West Texas State University. They decided to return to his hometown of Texline, start a farm and raise a family. About two years after they started farming, a terrible hailstorm destroyed all of their wheat and badly damaged the corn crop. Fortunately, they had […]