National Crop Insurance Services (NCIS) today released a detailed explanation of the evolution of U.S. farm policy over the past two centuries and crop insurance\u2019s recent rise to prominence.<\/p>\n
The paper was included in NCIS\u2019s quarterly magazine, Crop Insurance TODAY<\/em>\u00ae<\/sup> and was made available at an international conference of agricultural leaders who traveled to the United States to discuss the policies and technologies that will be needed to meet the challenges facing the global farming community.<\/p>\n Maintaining a thriving agricultural sector, which supports the U.S. economy and domestic food security, has been a top policy priority in America from the beginning, NCIS explained. That protection currently comes in the form of a public-private insurance system that is delivered by insurance companies, partially funded by farmers, and can be tailored to suit an individual producer\u2019s unique needs.<\/p>\n \u201cWhat tomorrow holds is anyone\u2019s guess, but charting a course for the future is not possible unless we understand the policy decisions of our past,\u201d the article noted.<\/p>\n The advancement of crop insurance was largely in response to modern-day realities, including tight federal budgets, the capital-intensive nature of farming, extreme weather, and the efficiency required to compete in today\u2019s global marketplace.<\/p>\n