{"id":6478,"date":"2016-01-06T11:02:50","date_gmt":"2016-01-06T16:02:50","guid":{"rendered":"http:\/\/www.ncis.staging.wpengine.com\/?p=6478"},"modified":"2016-01-06T11:02:50","modified_gmt":"2016-01-06T16:02:50","slug":"wsj-spotlights-crop-insurance-business","status":"publish","type":"post","link":"https:\/\/iripreviewsite.com\/cropinsuranceinamerica\/wsj-spotlights-crop-insurance-business\/","title":{"rendered":"WSJ Spotlights Crop Insurance Business"},"content":{"rendered":"

Farm policy opponents love to tell tall tales of crop insurance providers banking huge returns. In a quest to eliminate farmers’ primary risk management tool, they repeatedly attempt to mislead lawmakers into believing that crop insurance profits are guaranteed and will remain rosy for perpetuity.<\/p>\n

Luckily, America’s premier business publication isn’t buying such nonsense and is actually reporting on what’s transpiring in the marketplace, where a string of expensive natural disasters and low commodity prices are reshaping the industry.<\/p>\n

Just before New Years, the Wall Street Journal<\/em> summed up the situation in an article titled “Cargill to Sell Crop-Insurance Unit to Silveus.”<\/a><\/p>\n

The business of insuring farmers’ crops against financial or physical losses has grown tougher as corn, soybeans and wheat prices have slumped over the past three years, mainly due to a string of bumper crops and benevolent weather, according to\u00a0Keith Coble, a professor of agricultural economics at Mississippi State University.<\/em><\/p>\n

“Reimbursement for these companies is on a percentage of the [insurance] premium, and the premium is tied to the value of the crop,” Mr. Coble said. <\/em><\/p>\n

Futures prices for corn, the most widely grown U.S. crop,\u00a0have declined nearly 50% over the past three years, while soybean and wheat futures both are down about 40%. Other players, including tractor maker\u00a0Deere\u00a0& Co. and biotech seed giant\u00a0Monsanto\u00a0Co., have sold crop-insurance units over the past year as declining crop prices have pinched farmers’ wallets and pressured profits for the companies that sell farm supplies.<\/em><\/p>\n

Wells Fargo\u00a0& Co. this month agreed to\u00a0sell its Rural Community Insurance Services, one of the largest U.S. crop-insurance providers…<\/em><\/p>\n

If crop insurance profits were really so enormous and guaranteed, why are well-known companies headed for the exits? No one ever said farm policy critics exercised much common sense in their campaign to deceive.<\/p>\n","protected":false},"excerpt":{"rendered":"

Farm policy opponents love to tell tall tales of crop insurance providers banking huge returns. In a quest to eliminate farmers’ primary risk management tool, they repeatedly attempt to mislead […]<\/p>\n","protected":false},"author":22,"featured_media":6482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,25],"tags":[],"class_list":["post-6478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-insight","category-whats-cropping-up"],"yoast_head":"\nWSJ Spotlights Crop Insurance Business - Crop Insurance Keeps America Growing<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/iripreviewsite.com\/cropinsuranceinamerica\/wsj-spotlights-crop-insurance-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WSJ Spotlights Crop Insurance Business - Crop Insurance Keeps America Growing\" \/>\n<meta property=\"og:description\" content=\"Farm policy opponents love to tell tall tales of crop insurance providers banking huge returns. In a quest to eliminate farmers’ primary risk management tool, they repeatedly attempt to mislead […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/iripreviewsite.com\/cropinsuranceinamerica\/wsj-spotlights-crop-insurance-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Crop Insurance Keeps America Growing\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/cropinsuranceinamerica\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-06T16:02:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/iripreviewsite.com\/cropinsuranceinamerica\/wp-content\/uploads\/2016\/01\/NCIS_carousel_image_155.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1265\" \/>\n\t<meta property=\"og:image:height\" content=\"573\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laurie Langstraat\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@UScropinsurance\" \/>\n<meta name=\"twitter:site\" content=\"@UScropinsurance\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Laurie Langstraat\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/iripreviewsite.com\/cropinsuranceinamerica\/wsj-spotlights-crop-insurance-business\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/iripreviewsite.com\/cropinsuranceinamerica\/wsj-spotlights-crop-insurance-business\/\"},\"author\":{\"name\":\"Laurie Langstraat\",\"@id\":\"https:\/\/iripreviewsite.com\/cropinsuranceinamerica\/#\/schema\/person\/7cf19e3fe01a682ddad2c6dbc59b30f1\"},\"headline\":\"WSJ Spotlights Crop Insurance Business\",\"datePublished\":\"2016-01-06T16:02:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/iripreviewsite.com\/cropinsuranceinamerica\/wsj-spotlights-crop-insurance-business\/\"},\"wordCount\":311,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/iripreviewsite.com\/cropinsuranceinamerica\/wsj-spotlights-crop-insurance-business\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/iripreviewsite.com\/cropinsuranceinamerica\/wp-content\/uploads\/2016\/01\/NCIS_carousel_image_155.jpg\",\"articleSection\":[\"Industry Insight\",\"What's Cropping Up\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/iripreviewsite.com\/cropinsuranceinamerica\/wsj-spotlights-crop-insurance-business\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/iripreviewsite.com\/cropinsuranceinamerica\/wsj-spotlights-crop-insurance-business\/\",\"url\":\"https:\/\/iripreviewsite.com\/cropinsuranceinamerica\/wsj-spotlights-crop-insurance-business\/\",\"name\":\"WSJ Spotlights Crop Insurance Business - 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