As crop insurers prepare for the farm bill and funding deliberations in the future, National Crop Insurance Services (NCIS) has released a detailed question-and-answerresourcelaying out the facts about crop insurance and dispelling some of the most common arguments against crop insurance put forth by its critics.
“Crop insurance is the single most important risk management tool available to farmers today, and the public needs to understand why it is so valuable, how it benefits taxpayers and how it helps maintain a stable agriculture for the benefit of consumers,” said Tom Zacharias, president of NCIS.
The report (see here) is housed in a new tab on the Crop Insurance Keeps America Growing website page “About Crop Insurance” where it will be a continuously updated, convenient and accurate resource for industry, farmers and consumers.
“This resource will provide a much-needed explanation on the value and need for crop insurance,” said Zacharias.
The series covers important topics such as how crop insurance benefits the public, economics of the industry, the globalization of risk management, benefits to producers, and many other important issues.
Zacharias noted that when it comes to the mechanics of crop insurance policies, why farmers spent more than $4.1 billion out of their own pockets last year purchasing it, and why it is the risk management tool of the future, there is a lot of misinformation and misrepresentation about the program. “Crop Insurance: Just the Facts,” lays out the details and does provides a balanced and reasoned perspective,” he said.