Joint Letter Opposing Amendments to Harm Crop Insurance
Dear Senators:
Over the past three years the
As you consider the 2018 Farm Bill on the
Crop insurance is a unique risk management tool available to farmers and ranchers. First, crop insurance policies are available for more than 120 individual crops across the country, and the recent development of Whole Farm Revenue (WFR) insurance makes coverage available to all crops, in all regions and for all types of farms.
Crop insurance is also purchased by farmers, and farmers must prove that they have met a deductible (minimum loss threshold) to be eligible for a payment for a portion of their loss. On average, farmers collectively spend
Finally, instead of placing the entire risk for crop insurance on the American taxpayer - like ad hoc disaster assistance does - crop insurance shares risk between the taxpayer, farmers and the private sector delivery system.
There is no shortage of reasons why farmers, lenders, agriculture input organizations, conservation groups and others have expressed strong support for crop insurance.
* Without crop insurance most producers simply could not qualify for the operating loans they need to put a crop in the ground. Due to extremely tight margins in agriculture, regulators examining agriculture lending portfolios typically insist borrowers have crop insurance.
* Crop insurance is available to all types and sizes of producers in all regions.
* Crop insurance provides for environmental benefits. Crop insurance requires producers to meet wetlands protections and highly erodible lands protections to be eligible for a premium discount.
* Crop insurance is a rapid response solution to disasters. Private sector delivery typically allows farmers who have losses and have met their deductible to receive indemnity payments in less than thirty days, while ad hoc disaster can take months or even years.
* Crop insurance protects jobs, both on and off the farm. Crop insurance enables farmers to rebound quickly after a disaster and allows producers to pay credit obligations and other input expenses, such as fertilizer and farm equipment.
Crop insurance is food and fiber security insurance, and food and fiber security is national security. Given the importance of crop insurance, the undersigned organizations urge you to support America's farmers, ranchers, rural economies and national security by opposing amendments that would harm crop insurance.
Sincerely,
National Organizations
American Agri-Women
National Sorghum Producers
Pheasants Forever
Women Involved in Farm Economics
State Organizations and Companies
AgCarolina Farm Credit (NC)
AgChoice Farm Credit (PA, OH)
AgCountry Farm Credit Services (MN, ND, WI)
AgCredit,
LA, OH, TN)
AgHeritage Farm Credit Services (AR)
AgPreference, ACA (OK)
AgSouth Farm Credit (GA, SC)
AgTexas Farm Credit Services (TX)
AgVantis (KS)
Alabama
American
American
AmTrust Ag (IA)
ArborOne Farm Credit (SC)
Arkansas
BankIowa (IA)
Big I New Jersey (NJ)
Big I New York (NY)
Brunswick
Burkhart Farm Center (OH)
Capital
Cargill (MN)
Central Kentucky
Central Texas Farm Credit (TX)
CerescoBank (NE)
Chubb (NJ)
Citizens
CoBank (All States)
Colonial
Compeer Financial (WI)
Cooperative Network (MN, WI)
Cotton and Grain Producers of the
Cotton Producers of
Delta Waterfowl (ND)
Farm Credit East (CT, ME, MA, NJ, RI, NH, NY)
Farm Credit Illinois (IL)
Farm Credit Services of America (IA, NE, SD, WY)
Farm Credit Services of
Farm Credit Services of
Farm Credit Southeast Missouri (MO)
FCC Services (CO)
First
First
First South Farm Credit (AL, LA, MS)
First Western (AR)
Fresno
Frontier
Georgia Corn Growers Assn (GA)
Golden State Farm Credit, ACA (CA)
GreenStone Farm Credit Services (MI, WI)
Herschel Johnson Implement (IL)
High Plains Farm Credit (KS)
Idaho
Independent
Insurors of
Kaddatz Auctioneering & Farm Equipment Sales (TX)
Keim Farm Eq. Inc. (IA)
Lake Henry Implement (MN)
Legacy
Legacy Insurance Brokerage (IA)
Merchants
Michigan Bean Shippers (MI)
Michigan
MidAtlantic Farm Credit (MD, DE, PA,
Missouri Cotton Producers (MO)
Nebraska Independent Community Bankers (NE)
Nebraska Wheat Board (NE)
Oklahoma AgCredit (OK)
Partner Reinsurance of the
Personal Ag Management (CA)
PIA of
PIA of
PIA of
Pine
Premier
Puerto Rico Farm Credit, ACA (PR)
Regional
RiverBank (AR)
Rolling Plains Cotton Growers, Inc. (TX)
South Carolina Cotton Board (SC)
Southern AgCredit (MS, LA)
Southwest Georgia Farm Credit (GA)
State Bank Northwest (WA)
Syngenta (NC)
Texas
The
The
The
The
Twin
UMS Banking.com (CA)
Utah Independent Agents (UT)
Valley
Wm.
Yosemite
Rep. Waters Issues Statement on Mortgage Insurance for Condominiums
NAWG Joins More Than 638 Organizations Urging Senators to Oppose Cuts to the Farm Bill’s Crop Insurance Program
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