As policymakers, commodity leaders, and insurers gathered this week for the crop insurance industry\u2019s annual convention, recent legislative changes to the federal crop insurance program was one of the top discussion topics.<\/p>\n
The Agriculture Improvement Act of 2018, commonly known as the Farm Bill, included several provisions that strengthened crop insurance and solidified its position as an important risk management tool.<\/p>\n
\u201cPassing Congress with the largest margin of any farm bill in history, this legislation demonstrated that preserving the farm safety net is an issue that transcends partisan lines,\u201d said National Crop Insurance Services (NCIS) President Tom Zacharias. \u201cWe thank Capitol Hill for listening to rural America and working diligently to ensure that crop insurance remains affordable and widely available for our farmers and ranchers.\u201d<\/p>\n
The Farm Bill strengthened crop insurance by directing research for new products, promoting coverage for underserved producers, and improving the availability and workability of various insurance programs.<\/p>\n
NCIS staff Troy Brady and Mickey Paggi outlined some of the most significant changes in a recent article for Crop Insurance TODAY magazine, noting that these provisions \u201cwill increase crop insurance\u2019s role as a key component of farm policy.\u201d<\/p>\n
Notable provisions included:<\/p>\n
\u201cSpeedy and accurate implementation will be important for farmers\u2026 as they look to their most important risk management tool to help rebound from the extreme weather and a slumping rural economy that plagued 2018,\u201d the authors wrote.<\/p>\n
NCIS will be working closely with the United States Department of Agriculture\u2019s Risk Management Agency to efficiently put the Farm Bill\u2019s crop insurance provisions into action.<\/p>\n","protected":false},"excerpt":{"rendered":"
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