Tag: insurance
USDA Introduces New Tropical Storm Option In Its Crop Insurance Portfolio Of Products Sep 22, 2023
WASHINGTON, – The U.S. Department of Agriculture’s (USDA) recent expansion of its hurricane crop insurance policy to cover tropical storms this year has already provided farmers with $85.4 million to […]
The Importance of Insurance Unit in Crop Insurance Policy Debates Jun 13, 2023
This article explores the important role of the choice of crop insurance unit in the US crop insurance program. Farmers can choose from 4 insurance units: basic, optional, enterprise, and […]
USDA Invites Input On Crop Insurance Coverage For Prevented Planting Jun 2, 2023
The USDA is inviting agricultural producers to participate in a special virtual listening session on Thursday, June 8, 1:00 -3:00 CDT, to provide comments on the Prevented Planting Request for […]
Comparing Crop Insurance Net Farm Indemnities and Crop Production Profits May 31, 2023
We compare net crop insurance indemnities paid to farmers with private market net returns from producing barley, corn, cotton, oats, peanuts, rice, sorghum, soybeans, and wheat over the 2009-2022 crop […]
After the tornado: What to do about insurance, documents, taxes Apr 3, 2023
LITTLE ROCK — One of the most difficult parts of disaster recovery is managing the paperwork that follows. Laura Hendrix, an extension personal finance expert for the University of Arkansas […]
Crop Insurance: Breaking Down The Enhanced Coverage Option Nov 25, 2020
ECO Coverage with Examples ECO triggers payments when county average revenue (yield) falls below 90% or 95% of expected county revenue (yield). Expected revenues (yields) at the county level are […]
Farmers Squeezed by Health Care Costs and Insurance Sign-Up Deadlines – DTN Dec 25, 2015
As farmers question every line item in their 2016 budget to preserve working capital, lenders advise cutting “family living expense.” But that category often includes health insurance and those expenses […]
Senators Vow to Shield Crop Insurance from Cuts – DTN Oct 29, 2015
Agriculture Secretary Tom Vilsack declined Thursday to say that the Obama administration will totally back efforts in Congress to avoid any cuts to crop insurance. On a call to reporters […]
Plans to Cut Crop Insurance Tossed Out – DTN Oct 29, 2015
Plans to cut $3 billion out of the federal crop insurance program in the next eight years were reversed after members of the House Agriculture Committee announced Wednesday an agreement […]
Crop Insurance: Historical Perspective on Program Choice Oct 9, 2015
The 2014 Farm Bill provided farmers with the opportunity to elect the commodity program for their crops and farms. As discussed in detail in previous farmdoc dailyarticles, producers could elect […]