Crop Insurance Reform

If you are a farmer, or you live in rural America, you've likely heard about or used government subsidized crop insurance. If you're not familiar with the issue, we'll get you up to speed in a hurry.

Crop insurance and the need for reform came to our attention over 10 years ago. Farmers across the Great Plains and Midwest began to report that federally subsidized crop insurance was putting them at a disadvantage. Meanwhile, programs that help strengthen opportuntiies for small and mid-sized family farms and ranches have witnessed funding cuts.

We believe crop insurance is an important tool to help farmers mitigate risk. But it can be much better! You can help to make sure it also serves beginning, small, and mid-size farms.

Crop Insurance Reform Notes

 

New Option for Farm Risk Management: Whole Farm Revenue Protection usage in Nebraska

For many years, farmers across the country have purchased crop insurance policies as a way to manage the risk of a yield or income loss. However, crop insurance has stepped into the spotlight as the highest costing federal farm program, at about $8 billion a year.

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Farm bill priorities: crop insurance

Crop insurance should better serve rural communities. 

Stop allowing taxpayer dollars to go without limit to the largest farmers.

Cap crop insurance subsidies at $50,000. Other public support programs have limits; it makes sense to have limits on crop insurance subsidies, too. Who does this impact? Only 0.9 percent of farmers in 2010 and 2.5 percent of farmers in 2011 received premium subsidies greater than $50,000 and would have been impacted by a cap.

Manage risk through conservation.

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Farm bill for rural America

The farm bill debate is underway. The Center’s farm bill priorities, released in November 2017, continue our work of addressing the real needs of rural communities: supporting family farms, preserving natural resources for our children and grandchildren, creating opportunity for the next generation of beginning farmers, and fostering rural economic opportunity.

Farm bill fails to pass House; rural America wins, for now

Today, the House of Representatives failed to pass H.R. 2, its draft of the Agriculture and Nutrition Act of 2018, commonly known as the farm bill. Representatives voted 198 in favor and 213 against.

This is a win for rural America, as the bill’s proposals were a giant step in the wrong direction.

The draft included eliminating the Conservation Stewardship Program and cut funds for working lands conservation by nearly $5 billion over 10 years.

House agriculture bill makes the wrong kind of sweeping change

The House Agriculture Committee released its first version of the farm bill on April 11. Unfortunately, the proposal included steep cuts to conservation, ignored the need for capping crop insurance premium subsidies, and made very distressing cuts to many programs that support innovation and investment in rural communities.