Industry Letter Supporting Crop Insurance Protection
|Targeted News Service|
We write to express our support for strong, efficient and affordable crop insurance protection for this nation's farmers and ranchers, and our opposition to any amendments that would undermine its effectiveness or the private sector delivery system.
Federal crop insurance provides an effective risk management tool to farmers and ranchers of all sizes when they are facing losses beyond their control, reduces taxpayer risk exposure, makes hedging possible to help mitigate market volatility, and provides lenders with greater certainty that loans made to producers will be repaid. The public-private partnership of program delivery works very well, allowing for personalized, tailored service to producers when they need it the most.
Means testing and limitations on producer premium support fail to recognize that weather disasters happen anywhere and everywhere. By design, the crop insurance program treats all farmers equally, regardless of size. Limiting producer eligibility for premium support through a means test, or other limitation, discriminates against full-time farms and farms producing higher value crops. We cannot support amendments that limit risk management protection to farmers and ranchers who operate in a very risky environment.
Crop insurance is the cornerstone of most farmers' risk management portfolios. After a very challenging 2011 crop year, and with increasing demands for food, fiber, feed and fuel worldwide, it makes little sense to reverse the great progress
Farmers Mutual Hail Insurance Company of
National Sorghum Producers
TNS MT93 120615-3911102 61MarlizTagarum
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