More than 20 farm groups support the new Federal Agriculture Risk Management Enhancement and Resilience Act. The bill does not require choosing between enhanced crop insurance coverage and commodity support programs.
During Thompson's presentation at a crop insurance event, he was passionate about getting a farm bill done, but acknowledged several hurdles that he said could be overcome in a bipartisan approach.
The expansion would add 1,255 counties for soybeans and 1,729 counties for corn, making the coverage available in 22 states for soybeans with 34 states being covered in total.
“We don’t need to rewrite the entire farm bill,” Rep. Thompson (R-Pa.) says. “We’re comfortable with many parts of the 2018 bill and there aren’t many tweaks, instead things we need to protect and invest in."
“What I look for as an agent and as a farmer is if I can get close to 2.5 times or more return on coverage versus extra premium,” says Jamie Wasemiller with Gulke Group and Wasemiller Insurance Agency.
Since their inception in 2014, you’ve been choosing between Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC). You have until March 15 to make your choice this year.
A Senate Ag Committee hearing Thursday on the new farm bill raised a issue that is now evident: the Title 1 farm bill safety net can no longer deal with the current ag environment.
The 2018 farm bill was stamped with a $428 billon price tag when passed. With the bill set to expire on Sept. 30, here’s a breakdown of the topics ag groups look to push on the negotiating table.
Text of the $1.7 trillion omnibus spending package was released early Tuesday morning. The Senate will vote first and intends to pass the measure before Thursday, leaving the House no time to demand changes.
Thompson is gearing up to replace Rep. Scott as the House Ag chairman in Jan. With his new title in tow, Thompson will be working alongside current Senate Ag Chairwoman Stabenow to pass farm bill 2023.
With harvest in the homestretch, now is a good time to schedule a meeting with your crop insurance agent to provide them with your actual crop production numbers.
It's time to make a plan. Projections show you will face higher costs and lower returns for 2023. See if Margin Protection crop insurance can help you manage risk.
The guidelines you need to follow to file and participate in the new ERP are not simple, says Paul Neiffer, a principal with CliftonLarsonAllen. He addresses what roadblocks farmers might encounter in the process.
The Senate Committee on Ag, Nutrition and Forestry held the first 2023 Farm Bill hearing in early May. Hearing attendees agreed the 2023 Farm Bill should echo elements in the current bill and address new topics.
A comprehensive crop insurance plan creates a great foundation for your farm. It helps you manage risk and determine what other marketing tools to use.
In 2021, the first year the program was made available, producers enrolled 12.2 million acres of cover crops in PCCP, capturing a collective $59.5 million in premium subsidies.
For the upcoming 2023 farm bill, expect chatter and debate about carbon markets, conservation, trade and more. Policy watchers encourage farmers to keep an eye on these issues, as discussions begin in January.
On Tuesday, Oct. 12, USDA will release its monthly Crop Production and World Agricultural Supply and Demand Estimates. Gulke Group's Jamie Wasemiller will be watching several factors in that round of report.
As you start making 2022 crop production plans, couple them with risk management plans. One tool to consider is margin protection for federal crop insurance.
RCIS did side by side comparisons of an adjuster using traditional methods and an adjuster supplementing their methods with a drone. On certain claims, the company saw a times savings as high as 66%.
One of the most devastating crop insurance frauds in history allowed willing farmers to collect on fake claims and sell hidden yields. At a minimum, $100 million was stolen at all levels of the agriculture industry.
The USDA Risk Management Agency (RMA) is providing remote assistance and additional flexibilities for farmers and ranchers. The agency says this is in response to the coronavirus pandemic sweeping the nation.
Concerns about wet crops and wet fields are not stopping in Iowa. Farmers in river towns are worried crop insurance will make ground uninsurable because it may cost so much, especially if the levees are not fixed soon.
With major harvest delays in many parts of the country, USDA is advising farmers with Federal crop insurance to reach out to their AIP right away to file a Notice of Loss and request more time to finish harvest.
The USDA announced today producers participating in federal crop insurance who have a payable prevented planting indemnity for 2019 will automatically receive an extra payment
Some farmers will receive higher prevent plant payments from the bill, but it’s not likely to be widespread unless Agriculture Secretary Sonny Perdue broadens the language.
On Sept. 1, you have a big deadline. For the first time since the programs were created, you can switch your elections for ARC and PLC. Which should you choose?
The first step farmers should do when considering prevent plant as an option is to call their insurance agent, says Bob Hartsough of Silveus Insurance Group.
