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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, December 25, 2024
Crop insurance companies and their agents have spent years fighting off cuts in Congress or at USDA. Now, they're arguing limits imposed more than a decade ago are unfairly shrinking returns for specialty crop policies, a priority sector for policymakers, and appealing for an increase in federal reimbursement.
The debate over climate policy usually includes some discussion about whether the U.S. crop insurance system should be changed to either incentivize more conservation or better address weather threats. Yet two experts said this public-private partnership is already reflecting changes in climate and new innovations in agriculture, with the potential for more targeted improvements to come.
The Trump Administration proposed another blow to the crop insurance industry in the president’s annual budget, but Senate Agriculture Committee Chairman Pat Roberts, R-Kans., made it clear that risk management tools should not be cut because they are crucial for both farmers and consumers.
President Donald Trump is proposing increases in spending for high-speed internet and other types of rural infrastructure as part of his fiscal 2021 budget.
Ask a farmer about the most important farm bill provisions for his or her operation and you’ll likely hear the words “crop insurance.” The public-private partnership continued to expand last year, covering more than 334 million acres of farmland in 2018 — a 20 million-acre increase over 2017.
