Live Insurance News

Growers are running out of time before the crop insurance deadline

September 24, 2015September 23, 2015 Julie Campbell

The Risk Management Agency of the USDA is reminding farmers that they need to act soon, if they haven’t already. A crop insurance reminder has been issued by the Risk Management Agency (RMA) at the USDA to growers in Alabama who intend to purchase coverage, as the deadline of September 30 is coming up quickly. The deadline applies to the coverage available for a range of different types of crops in different counties. For instance, the crop insurance deadline includes policies in Limestone County for canola, as well as for…

Crop insurance regulation generating confusion

July 25, 2013July 23, 2013 G. Turner

Some Upper Midwest farmers are not exactly sure what coverage is available to them. The massive and extensive droughts that struck the Upper Midwest of the United States are now contributing to widespread confusion regarding the rules of crop insurance for some farmers in that region who were not able to plant this spring because of the exact opposite issue – too much water. Some growers are concerned that they won’t qualify for payments this year when they were not able to plant. Croplands that were too wet to put…

Crop insurance payouts may come at a cost

January 24, 2013January 24, 2013 H. Cutner

As the planting season edges nearer in 2013, Nebraska is among the states that have collected the most. Among all of the states in the country, Nebraska is one of the six in which its farmers have collected crop insurance payouts worth over $1 billion due to damage that was caused by the drought last year. That disastrous growing season led to over $12.3 billion in payouts as of Monday. However, the most recent statistics that have been released by the Risk Management Agency of the federal government has also…

Crop insurance claims reach record highs in US

January 17, 2013January 17, 2013 Marc

Crop insurance payouts reach $11 billion In 2012, a severe drought struck the U.S. that quickly became the worst the country had ever seen. The drought brought intense focus to the country’s crop insurance program, which had been established to protect U.S. farmers from natural disasters. The drought caused widespread crop failures, which produced insurance claims from farmers. According to government data, the total cost of the drought, in terms of crop insurance payouts, has been tallied to be $11.581 billion. Risk Management Agency offers new look at crop insurance…

Risk Management Agency pushes back deadline on crop termination, giving farmers more flexibility with their insurance coverage

January 25, 2012May 5, 2013

The U.S. Department of Agriculture’s Risk Management Agency has announced that farmers will have more time to ensure that their crops are properly insured after an uncommonly wet spring last year. Farmers are required to terminate their cover crops in order to obtain insurance coverage for their main crops. The original deadline for this termination was scheduled for May 15 of this year. The Risk Management Agency has pushed that back to June 5. Farmers will be required to terminate their cover crops regardless of their stage of growth by…

The changing face of federal crop insurance

October 18, 2011May 7, 2013

Bill Murphy, an administrator at the Risk Management Agency (RMA) has announced that the Federal Crop Insurance program will be undergoing some positive changes in the near future. Murphy was present at the Big Iron Farm Show in West Fargo and spoke to the crowd about the current year’s issues as well as changes to the program. Not all of the news was good, as Murphy did need to discuss the unprecedented number of catastrophes in 2011 that left farmers hurting this year; from the overly wet soil in North…

NM cattle ranchers battle new federal drought protection policy

August 22, 2011August 22, 2011 Nordstrom

Cattle ranchers in New Mexico are up in arms over a new federal insurance policy that they purchased under the belief that it would provide them with drought protection, but that isn’t helping them because satellites are reporting that there is still too much “greenness” in the state. The primary problem is that there isn’t any grass for the livestock to consume. In fact, this year the conditions are so devastating that cattle ranchers have been selling their animals in record numbers because they can’t afford to purchase their feed.…