Items Tagged with 'Crop Insurance and Reinsurance Bureau'

More than 60 Republican lawmakers have complained to Agriculture Secretary Tom Vilsack about the timing of assistance from – and the methodology for – the 2022 Emergency Relief Program.

Producers and crop insurance industry experts implored a House Ag subcommittee Wednesday to protect the program from cuts in the upcoming farm bill.

USDA’s top climate adviser is trying to dispel concerns that the administration’s carbon spending will crowd out private investors. That’s a concern shared by some entities that are building private carbon credit markets.

Growers paid over $10 billion to insure almost 380 million acres in 2019. By year-end, crop insurance companies paid out almost $7.6 billion to cover losses and the numbers are expected to grow as all claims are finalized.

Reducing the rate of return for companies participating in the federal crop insurance program could result in significant savings, a new Government Accountability Office report concludes.