{"id":9378,"date":"2018-02-05T10:20:55","date_gmt":"2018-02-05T16:20:55","guid":{"rendered":"http:\/\/72.52.184.4\/~cropinsuranceina\/?p=9378"},"modified":"2018-02-05T15:33:55","modified_gmt":"2018-02-05T21:33:55","slug":"crop-insurers-kick-off-annual-meeting-risk-management-minute-video","status":"publish","type":"post","link":"https:\/\/iripreviewsite.com\/cropinsuranceinamerica\/crop-insurers-kick-off-annual-meeting-risk-management-minute-video\/","title":{"rendered":"Crop Insurers Kick Off Annual Meeting with \u2018Risk Management Minute\u2019 Video"},"content":{"rendered":"

PHOENIX\u2014The eyes of the agricultural community are on crop insurance this week as lawmakers, commodity leaders and insurers gather for the industry\u2019s annual meeting.\u00a0 To kick off the event, National Crop Insurance Services (NCIS) today released the first installment of an educational video series that examines the upcoming Farm Bill.<\/p>\n

The \u201cRisk Management Minute<\/a>\u201d videos plainly explain the consequences of legislative proposals that would drive up insurance costs for farmers, exclude some operations from coverage, and make the system less economically viable for the private sector.<\/p>\n

Crop insurance\u2019s cost-sharing structure \u2013 where farmers help offset taxpayer risk exposure by paying premiums and meeting deductibles \u2013 is the focus of the first piece.\u00a0 Others will be made public throughout February.<\/p>\n

\u201cCongress used to call on taxpayers to pick up the pieces after Mother Nature struck,\u201d the cost-share video explains. \u201cNow, farmers help fund their own recovery.\u201d<\/p>\n

Farmers collectively pay between $3.5 billion and $4 billion a year in premiums, even in years without a disaster, NCIS noted.<\/p>\n

Farmers also must shoulder, on average, 25 percent of losses before receiving aid. \u00a0Those deductibles have totaled more than $30 billion in farmer losses under the 2014 Farm Bill.<\/p>\n

\u201cThat\u2019s a lot, but some farm policy critics want to upend this cost-sharing agreement. They want to make insurance less affordable,\u201d the video continued.<\/p>\n

For example, one legislative proposal would cap the premium discounts that farmers receive from the government.\u00a0 This would ultimately drive up farmer cost, reduce insurance participation and make unbudgeted, taxpayer-funded disaster bills more likely.<\/p>\n

\u201cCongress made crop insurance a cornerstone of U.S. farm policy for a reason. \u00a0It works. \u00a0It\u2019s efficient. \u00a0It saves money. \u00a0And it\u2019s popular,\u201d the video concludes.\u00a0 \u201cNo wonder so many farmers are saying \u2018do no harm\u2019 to crop insurance in the Farm Bill.\u201d<\/p>\n

The video can be viewed at www.CropInsuranceInAmerica.org<\/a> and on NCIS\u2019s social media channels.<\/p>\n

###<\/p>\n","protected":false},"excerpt":{"rendered":"

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