Casten, 19 Colleagues Renew Call to Boost Soil Health and Align Crop Insurance with Risk Mitigation Practices - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
April 1, 2024 Newswires
Share
Share
Post
Email

Casten, 19 Colleagues Renew Call to Boost Soil Health and Align Crop Insurance with Risk Mitigation Practices

Targeted News Service (Press Releases)

WASHINGTON, April 1 -- Rep. Sean Casten, D-Illinois, issued the following news release:

* * *

Casten, 19 Colleagues Renew Call to Boost Soil Health and Align Crop Insurance with Risk Mitigation Practices

Today, U.S. Congressman Sean Casten (IL-06) led 19 of his colleagues in a letter to House Agriculture Committee Leadership urging them to include a voluntary crop insurance premium incentive program for farmers who plant cover crops in the upcoming Farm Bill.

"The Farm Bill provides an opportunity to align crop insurance with risk-reducing soil health practices," the lawmakers wrote. "The Federal Crop Insurance Program (FCIP) is widely used to stabilize farm incomes, improving farm survivability by seven years on average, and reducing the probability of bankruptcy by 70%. Unfortunately, FCIP costs are expected to increase by up to 37% if climate adaptation practices, like cover crops, are not utilized."

Drought, rain, and extreme weather have stressed America's soils and crop insurance payments have risen more than 400% for drought-related losses, and nearly 300% for rain and flooding-related losses between 1995 and 2020. Without mitigating actions, climate change will continue to exacerbate losses and the cost of the Federal Crop Insurance Program (FCIP) could increase anywhere from 10 to 37%.

Cover crops are a solution to help farmers mitigate risk. A 2023 study found that higher cover-crop adoption led to lower levels of crop insurance losses due to prevented planting. Another study found that just a 1% increase in cover crop adoption led to nearly $40 million in savings.

Rep. Casten has introduced a voluntary crop insurance program with the Conservation Opportunity and Voluntary Environment Resilience Program (COVER) Act, which would recognize the reduced risk associated with cover crops, therefore lowering financial barriers for farmers investing in their soil.

In addition to Rep. Casten, the letter was signed by Reps. Adams, Blumenauer, Bonamici, Brownley, Foster, Kelly, Khanna, Kim, Krishnamoorthi, Levin, McGovern, Porter, Quigley, Salinas, Schakowsky, Schneider, Schrier, Slotkin, and Stansbury.

The text of the letter can be found here or below.

Dear Chairman Glenn Thompson and Ranking Chair David Scott,

Thank you for your leadership in drafting a Farm Bill this year. We write to strongly urge you to support the inclusion of a voluntary crop insurance premium incentive for farmers who use cover crops in the upcoming Farm Bill.

The Farm Bill provides an opportunity to align crop insurance with risk-reducing soil health practices. Cover crop premium savings programs have a proven history of success at both the state and federal levels. The Risk Management Agency (RMA) has partnered with Illinois, Iowa, Indiana, and Wisconsin to create popular state programs that have incentivized adoptions of cover crops on thousands of acres, and in 2021 and 2022, RMA supported a federal program called the Pandemic Cover Crop Program (PCCP). The PCCP offered a voluntary, user-friendly option for farmers to save money by planting cover crops, including those who did not have access to a state program, by providing a $5 per acre crop insurance savings for farmers. Support for the program was not limited to just one region; farmers in 48 states enrolled over 12 million acres in the PCCP in 2021, and the program was permitted to be combined with available state funding to significantly increase crop insurance savings for farmers.

The Federal Crop Insurance Program (FCIP) is widely used to stabilize farm incomes, improving farm survivability by seven years on average, and reducing the probability of bankruptcy by 70%. Unfortunately, FCIP costs are expected to increase by up to 37% if climate adaptation practices, like cover crops, are not utilized. Farms that do not use risk-mitigating practices are more vulnerable to increasingly frequent extreme weather events and add costs to the FCIP. In contrast, the use of cover crops is associated with reduced risk that can reduce crop insurance claims, especially in drought and flood years. University of Illinois and USDA research shows that in 2019, farmers who planted cover crops and used no-till methods were 24% less likely to

claim prevented planting loss due to unusually wet weather. Aligning the FCIP with risk-reducing practices like cover crops is a commonsense measure to reduce costs to taxpayers and improve the crop insurance program's financial sustainability.

Cover crops boost farm incomes by enhancing soil health, including reduced erosion and nutrient loss, sequestering carbon, suppressing weed growth, and fixing nitrogen for cash crop use. Healthy soils have higher water-holding capacity, and reduced runoff, which also lead to water quality improvements. Despite these economic and environmental benefits, as of the 2017 USDA census, cover crops were only planted on about 5% of cropland acres. A per acre crop insurance premium cost reduction, for example, such as the one proposed in H.R. 3478, the Conservation Opportunity and Voluntary Environment Resilience Program (COVER) Act, would recognize the reduced risk associated with cover crops, therefore lowering financial barriers for farmers

investing in their soil.

According to a 2023 poll conducted by the National Wildlife Federation, 78% of U.S. row crop farmers support discounted crop insurance premiums for producers who use in-field risk-reducing conservation practices like cover crops. Unfortunately, funding for the PCCP expired in 2023, though the demand for a similar program remains; by seeding the ground for the future, including a cover crop incentive in the upcoming Farm Bill will modernize the crop insurance program, help farmers transition to a critical soil health practice, and equip U.S.

farms and ranches to address 21st century problems.

As the Agriculture Committee works to develop a draft Farm Bill, we urge the committee to include such a program in the final package. Aligning risk with the positive benefits of cover crops will strengthen the crop insurance program, deliver key environmental, and water quality benefits, and help farmers realize the promise of a more prosperous future.

Sincerely,

###

***

Original text here: https://casten.house.gov/media/press-releases/casten-19-colleagues-renew-call-to-boost-soil-health-and-align-crop-insurance-with-risk-mitigation-practices

Older

Examining the Health Effects of iTHRIVE 365 Among Black Same Gender Loving Men: Immune System Diseases and Conditions – HIV/AIDS

Newer

Zhibao Technology Inc. Announces Pricing of Initial Public Offering

Advisor News

  • Majority of Americans concerned recent market highs are unsustainable
  • GLP-1 users choose between medication and retirement saving
  • Gen X and millennials seek new retirement model
  • Are families ready for the costs of aging at home?
  • When a client moves, their insurance plan needs to move, too
More Advisor News

Annuity News

  • A client remarried: Does their annuity still fit?
  • Gen X and millennials seek new retirement model
  • Global Atlantic names Dan Farrelly head of IMO and IBD channels
  • A rising retirement challenge: The license to spend
  • What lower interest rates mean to annuity payouts
More Annuity News

Health/Employee Benefits News

  • Best’s Market Segment Report: AM Best Maintains Stable Outlook on Indonesia’s Non-Life Insurance Segment
  • Research from University of Edinburgh Broadens Understanding of Cancer (Health insurance coverage for medical nutrition therapy in older women with cancer: a comparative health policy perspective on long-term care, frailty, and survivorship …): Cancer
  • Fairview sues UnitedHealthcare over false advertising
  • FEDERATION OF AMERICAN HOSPITALS NAMES PAUL EITING VICE PRESIDENT, POLICY
  • Most Americans support switch to Medicare for all health insurance
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Best’s Market Segment Report: AM Best Maintains Stable Outlook on Indonesia’s Non-Life Insurance Segment
  • CP13/26 THE PRUDENTIAL REGULATION AUTHORITY'S AUTOMATIC THRESHOLDS INDEXATION FRAMEWORK
  • Owings Mills insurance agent pleads guilty to stealing more than $100,000 in life insurance commissions
  • Symetra Named a Fortune Best Workplace in Financial Services & Insurance™ for Fourth Consecutive Year
  • 1 in 3 U.S. workers do not have a legacy plan in place
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.