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US crop insurance shields farmers from drought

2013-05-02 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: When dry weather destroyed Leonard McKissick's soybeans last year, US government-backed insurance paid him $US40,000, the bulk of his loss. Across the Arkansas Delta this spring, farmers such as McKissick are sowing fields that suffered the worst drought in more than half a century. Even though crops may fail again, landowners are shielded by taxpayers from the full burden of their bad bets. Drought helped drive the cost of crop insurance to a record $US17.2 billion, the US Department of Agriculture...

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White House Budget: USDA, Crop Insurance & Conservation Take Hits

2013-04-15 23:12:00| Beef

David Bennett The White House budget proposal for 2014 would do away with direct payments to farmers and slash funding for USDA. The 6% proposed cut to USDA coffers joins other proposals such as lowering crop insurance subsidies and conservation program funding. read more

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Drought and Crop Insurance Loss in 2012

2013-03-19 21:15:00| Corn & Soybean Digest

Source: University of Illinois farmdocDaily Yield losses from the 2012 drought caused large crop insurance payments. In this post, 2012 loss ratios are shown for U.S. counties. read more

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Reduce Crop Insurance Subsidies

2013-03-11 15:30:00| National Hog Farmer

By P. Scott Shearer, Bockorny Group, Washington, D.C. Senator Jeff Flake (R-AZ) and Congressman John Duncan (R-TN) have introduced the Crop Insurance Subsidy Reduction Act (S. 446 and H.R. 943) that would return federal crop insurance premium subsidies to their pre-Agriculture Risk Protection Act (ARPA) levels of 2000. read more

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2013 iFarm Crop Insurance Tools Available

2013-03-07 21:39:00| Corn & Soybean Digest

Source: University of Illinois All 2013 crop insurance tools have been updated and are now available in the crop insurance section of farmdoc. These include the payment simulator, premium calculator and decision tool. read more

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