Cover-crop-insurance discounts proposed - 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
November 2, 2022 Newswires
Share
Share
Post
Email

Cover-crop-insurance discounts proposed

Agri-View (WI)

Crop-insurance discounts for planting cover crops are a good sign for farmers and reflect bipartisanship in the Wisconsin State Legislature. Assembly Bill 727 – now Wisconsin Act 223 –was earlier in 2022 approved by agriculture committees in both chambers as well as the joint committee on finance. The legislation supports a program that would provide farmers $5-per-acre savings on crop-insurance premiums for planting cover crops.

The legislation has received strong endorsement by both agricultural and conservation groups, said Margaret Krome, policy director for the Michael Fields Agricultural Institute.

"The change it could bring about would improve soil and water quality as well as farmer bottom lines," she said.

The Wisconsin proposal is modeled after those in Iowa and Illinois.

"Programs have been successful in Iowa and oversubscribed in Illinois," Krome said. "We want it to also be successful in Wisconsin and at the federal level."

Michael Fields Agricultural Institute conducted a survey in 2019. Two-thirds of responding farmers who hadn't previously planted cover crops said they would consider doing so with a crop-insurance-incentive program, Krome said. And two-thirds of survey respondents who had planted cover crops would likely plant more.

Jason Rowe of Cuba City, Wisconsin, farms about 1,300 acres. He's planted about 500 of those acres to cover crops. A member of the Lafayette Ag Stewardship Alliance, he's been planting cover crops for seven years. Some of the acres he farms haven't had the best soil quality in the past, he said.

"I've planted cover crops to help improve soil quality," he said.

Rowe said he's seen benefits from planting cover crops, but he's unsure whether $5-per-acre discounts on crop insurance would convince farmers who haven't already planted them to try them. Cover-crop seed and the seeding process itself together cost $30 to $40 per acre. Some farmers say they'd also have the costs to terminate the cover crop in the spring. But some farmers don't account for long-term benefits because they probably wouldn't see the beneficial effects of cover crops for three to four years after planting them for the first time.

Josh Kamps, a University of Wisconsin-Division of Extension regional crops and soils educator, said, "Crop insurance is the right avenue for promoting cover crops and soil health."

Discounts for planting cover crops in the future may need to be viewed similarly to auto insurance, he said. If, for example, farmers can provide data showing how practices – such as implementing cover crops or no-till – can improve soil and water health, that could qualify them for greater savings on insurance. Farmers would need to consider how they would need to manage their crop programs differently – such as terminating cover crops in the spring or adopting crop rotations that would maximize benefits of using cover crops.

Amy Penterman, president of the Dairy Business Association, said there's value in the soil-health benefits of planting cover crops. She and her family own Dutch Dairy near Thorp, Wisconsin; they practice no-till and grow cover crops. In 2022 they had a very wet spring yet were able to begin planting two weeks earlier than other area farmers who didn't use those practices.

"How do you put a value on that?" Penterman said.

Mike Berget of Berget Family Farms of Darlington, Wisconsin, is vice-president of the Wisconsin Corn Growers Association. He's also a member of the Lafayette Ag Stewardship Alliance, a farmer-led watershed-protection group. Berget Family Farms has planted fall cover crops for about nine years, he said.

"We plant them for soil health and erosion control," he said. "It's always good to have something green growing all the time. We also plant tillage radishes to help ease compaction if there's wet weather at wheat-harvest time."

But farmers who haven't planted cover crops before would likely need to see greater discounts than $5 per acre to try them, he said.

"I think it would take more like one-third to one-half the cost of seeding for more new farmers to try them," he said.

Depending on the type of cover-crop seed and the method to plant the cover crop – such as drilling or aerial application – the cost could run $40 to $50 per acre, he said. But the proposal that would provide Wisconsin farmers $5-per-acre discounts on crop insurance would be helpful and appreciated by farmers. The Lafayette Ag Stewardship Alliance will cover $20 per acre – to as many as 50 acres – for members who practice nutrient management, no-till or reduced till, or plant green. The group also offers an incentive program through The Nature Conservancy. Members and non-members in Lafayette County would be eligible to receive $40 to $60 per acre – to as many as 25 acres – to try cover crops for the first time. The enrollment deadline for each program is Nov. 15.

Other farmer-led watershed-protection groups and their partners also are offering incentive programs. And at the federal level the National Corn Growers Association is promoting a cover-crop program for insurance discounts. It was renewed for crop-year 2022, Berget said, but hasn't yet been renewed for the 2023 season.

U.S. Rep. Sean Casten, D-Illinois-6-Downers Grove, introduced in July 2022 the Conservation Opportunity and Voluntary Environment Resilience Program Act with co-sponsor U.S. Rep. Cindy Axne, D-Iowa-3-West Des Moines. The bill would codify a Good Steward Cover Crop program, which would mirror the Pandemic Cover Crop Program. It would provide a $5-per-acre discount on crop-insurance premiums for farmers who plant cover crops. The legislation also would authorize a pilot program to determine additional actuarially sound discounts for producers who adopt soil-health practices authorized by the U.S. Department of Agriculture's Risk Management Agency. A cover-crop program could be further addressed in discussions concerning the 2023 farm bill.

Visit michaelfields.org/cover-crops and lafayetteagstewardship.org and datcp.wi.gov – search for "producer-led groups" – for more information.

This is an original article written for Agri-View, a Lee Enterprises agricultural publication based in Madison, Wisconsin. Visit AgriView.com for more information.

Older

New Financial Obligation – Form 8-K

Newer

Hanover Insurance: Q3 earnings snapshot

Advisor News

  • A new era at the Federal Reserve
  • What advisors need to know about the life settlement boom
  • Report: Many Americans paying up to 45% of annual income on auto loans
  • Latest state budget raises taxes on Californians, ignores voter priorities
  • What advisors and clients must know about Roth conversions
More Advisor News

Annuity News

  • A new era at the Federal Reserve
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
  • Why annuities are gaining traction with younger investors
  • Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
More Annuity News

Health/Employee Benefits News

  • Largest Medicaid pediatric provider sues DeSantis administration over pay rates
  • Research Conducted at University Medical Center Munster Has Updated Our Knowledge about Transgender Health (Longitudinal Trends of Health Service Utilization for Gender Dysphoria In Germany Between 2010 and 2021 Based On Health Insurance Data): Health and Medicine – Transgender Health
  • Karnes County renews employee health insurance benefits
  • Fresno’s Community Health System and Blue Shield end stalemate, reach new agreement
  • Goliad council delays engineering decisions, approves employee health plan renewal
More Health/Employee Benefits News

Life Insurance News

  • AI-created images in insurance fraud and the impacts on clients, advisors
  • Roberts Disability Law Sues Unum Life Insurance Company of America on Behalf of Disabled Valero Refinery Operator for Allegedly Underpaying Long-Term Disability Benefits
  • Avoid the ‘summertime slump:’ Strategies to remain productive
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
  • Symetra Partners with PlanSource to Streamline Workforce Benefits Administration
More Life Insurance News

NEWS INSIDE

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

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
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.
Insurance News | InsuranceNewsNet