Farmers need crop insurance that's adequate, understandable and affordable - 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
August 24, 2023 Newswires
Share
Share
Post
Email

Farmers need crop insurance that's adequate, understandable and affordable

East Oregonian (Pendleton, OR)

Congress is writing the newest version of the farm bill. The legislation, passed approximately every five years, provides a policy and budget roadmap for the U.S. Department of Agriculture. It will include everything from food aid programs to crop insurance for farmers.

By our lights, crop insurance is the key component of any farm bill. A good crop insurance program assures that Americans will eat today - and every other day.

Occasionally, critics in Congress and elsewhere surface with their complaints about crop insurance, calling it a "give-away" to farmers. They say it is "subsidized" and that farmers instead should "pay their own way."

If they were talking about life insurance or nearly any other type of insurance, they would be right. There is no need to subsidize those types of insurance.

But crop insurance is different. It's not a matter of if it will be needed, but when. Farmers face a nearly unlimited array of potential perils, including diseases, pests, storms, drought, low prices and crop failure. Any of these can put a farmer out of business, sometimes in a matter of minutes or hours.

By offering crop insurance, the federal government is assuring farmers that there will be a tomorrow. Mind you, farmers will not get rich from insurance - nor should they - but they will be able to survive.

As is often the case with anything involving the federal government, crop insurance is overwhelmingly complicated. That, in our opinion, is one of the program's shortfalls. Many people are disinclined to buy something they don't understand, and farmers are no different.

We are not actuaries, but we know the need for adequate and affordable crop insurance exists for all farmers. Whether they farm 20 acres or 20,000 acres, growers need to know they can make it through a worst-case scenario.

That should be the goal of Congress as it considers a new farm bill: providing adequate, understandable and affordable crop insurance to every farmer.

There are different types of crop insurance that are appropriate for different types of operations, but any insurance is better than none.

USDA and Congress often find themselves paying out money to farmers through crop insurance, the Noninsured Crop Disaster Assistance Program and ad hoc disaster legislation. The disaster payments are supposed to plug any coverage gaps left by crop insurance.

Sometimes, however, the possibility of disaster payments creates a disincentive to buying crop insurance.

Two members of the Oregon House delegation, Reps. Andrea Salinas and Earl Blumenauer, note that many small-scale farmers skip crop insurance. They say agents who sell crop insurance tend to concentrate on selling to large-scale operations because their commissions are higher. To promote the sales of crop insurance to smaller-acreage farmers, they have proposed legislation that would pay sales agents more.

While that seems logical, above all else small farmers also need crop insurance that is adequate, understandable and affordable.

Large or small, farmers need that in crop insurance.

Older

AM Best Affirms Credit Ratings of StarStone Insurance Bermuda Limited and Its Subsidiary

Newer

Oklahoma Insurance Department adopts best interest annuity rule

Advisor News

  • How advisors can help frugal retirees finally enjoy their savings
  • Wealth planning vs. estate planning: Honoring your client’s wishes
  • What to discuss during the first retirement planning meeting
  • Inflation, competing priorities and uncertainty erode retirement security
  • As health premiums rise, 1 in 8 workers cut retirement savings
More Advisor News

Annuity News

  • Jackson Announces New Annuity Offering for AARP Members
  • National Life Group expands annuity portfolio
  • AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
  • USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
  • How flexible annuities fit today’s retirement portfolios
More Annuity News

Health/Employee Benefits News

  • STATE AUDITOR JAMES BROWN REMINDS MONTANANS TO UTILIZE ACA OPEN ENROLLMENT PERIOD, CAREFULLY REVIEW ANY LIMITED PARTNER' PLANS
  • Anthem Blue Cross and Blue Shield Announces Agreement with Brokers Holding Group to Expand Reach in Georgia’s Small and Mid-Markets
  • New Findings from Bar Ilan University Describe Advances in Mental Health Diseases and Conditions (Did Nationwide Mental Health Insurance Reform In Israel Increase Access To Community-based Care? a Population-based Retrospective Cohort Study): Mental Health Diseases and Conditions
  • The closing argument for Republicans
  • NYC public hospitals brace for coverage crisis as federal Medicaid work requirements loom
More Health/Employee Benefits News

Life Insurance News

  • Corebridge Financial Announces Third Quarter 2026 Results
  • MassMutual announces record $3.3 billion policyowner dividend for 2027
  • Protective Completes Acquisition of Obsidian, Establishing Specialty Property and Casualty Business Line
  • Jackson Announces New Annuity Offering for AARP Members
  • Open Enrollment Starts November 1: Tampa Broker Ryan Michalek Urges Families and the Self-Employed to Check 2027 Costs Before They Auto-Renew
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

  • Spectrum Weather & Specialty Insurance Celebrates 15 Years and Welcomes the Next Generation
  • Royal Neighbors of America® Increases Service Capacity
  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
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.