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Topic: Crop insurance


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In the News (Thu 16 Feb 12)

  
  Why Hasn't Crop Insurance Eliminated Disaster Assistance?   (Site not responding. Last check: 2007-11-02)
Crop insurance participation increases to almost 42 percent among commercial farms—those with a minimum of $250,000 in annual sales.
The premium subsidy rates that took effect with the 2001 crop year are 59 percent of the total premium at the 65- and 70-percent coverage levels, 55 percent at the 75-percent level, 48 percent at the 80-percent level, and 38 percent at the 85-percent level.
Crop insurance rates, which depend on the riskiness of crop production and the type of insurance coverage, vary from region to region and from farm to farm.
www.ers.usda.gov /AmberWaves/June05/Features/WhyHasntCropInsurance.htm   (2730 words)

  
 Crop Insurance Education Web Site at Penn State
Crop insurance is a valuable risk management tool that allows growers to insure against losses due to adverse weather conditions, fire, insects, disease, and wildlife.
Higher levels of crop insurance (buy-up protection) are also federally subsidized, with farmers nationwide paying only 33 to 62 percent of the actual cost of the insurance (depending on the level of coverage selected by the producer).
Multi-peril crop insurance is available for at least one commodity in every county in Pennsylvania; a total of 22 crops are represented across the state.
cropins.aers.psu.edu   (331 words)

  
 Crop Policies
Crop insurance agents and other agri-business specialists in the private and public sectors can assist farmers in developing a good management plan.
Date to file notice of crop damage - after damage; the date the producer decides to discontinue caring for the crop; prior to the beginning of harvest; immediately, if farmer determines that the crop is damaged after harvest begins; or the end of the insurance period, whichever is earlier.
Contact a crop insurance agent for terms specific to your farm.
www.rma.usda.gov /policies   (1231 words)

  
 Green Scissors 2001 Crop Insurance Program
Crop insurance primarily benefits farmers who grow crops on marginal land, because those are the lands that experience large losses frequently.
Since crop losses increase premiums, and the government pays a percentage of those premiums, the higher the losses, the higher the government subsidy.
Crop insurance has greatly reduced wildlife habitat and caused increased soil erosion, fertilizer and pesticide use.
www.greenscissors.org /agriculture/cropinsurance.htm   (459 words)

  
 WHOI Sea Grant: Education/Focal Points/Crop Insurance
Crop insurance is a federal program designed to protect insured farmers from crop losses resulting from 'unavoidable damage'.
Crop insurance works in much the same way as homeowner's insurance does: a farmer purchases the insurance annually by paying a predetermined premium.
An insurance adjuster will visit the farm, assess the loss, and the farmer will be compensated for their loss based on the fair market value of their crop and on their policy coverage.
www.whoi.edu /seagrant/education/focalpoints/crop.html   (941 words)

  
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Crop insurance is currently the hottest topic being debated in farm policy circles.
The average rate is based on the historical loss experience of crop insurance participants growing the crop in the county.
For example, for crop year 1998 (as of March 1, 1999) total indemnities equaled $1.585 billion, farmer paid premium net of underwriting gains was $681 million and the administrative expenses were $439 million.
www.agriculturelaw.com /links/cropins/101.htm   (4106 words)

  
 CropUSA Glossary   (Site not responding. Last check: 2007-11-02)
Crop insurance is a farmer's best remaining safety net that can be tailored to fit his own risk management needs.
All insurable acreage of the insured crop in the county on the date coverage begins for the crop year: (1) in which the farmer has 100% crop share; or (2) which is owned by one person and operated by another person on a share basis.
At least two of the insured crops must each constitute at least 10% of the total liability of all insured crops in the whole farm unit, and all crops in the unit must be insured under the same plan of insurance and with the same insurance provider.
www.cropusainsurance.com /CropUSA/Glossary.asp   (2372 words)

  
 Crop Insurance - Supplemental Booklet   (Site not responding. Last check: 2007-11-02)
At the last National Crop Insurance Services (NCIS) annual meeting a panel of reinsurers was assembled to discuss the impact to their company from the events pertaining to the September 11, 2001 attacks.
Crop insurance policies also typically indemnify the insured person for other adverse events, such as the inability to plant or excessive loss of quality due to adverse weather.
Crop insurance is sold and serviced by 17 insurance companies in conjunction with a network of 15,000 agents across the country.
www.cropinsurance.org /new/projects/crop101.htm   (6379 words)

  
 Crop insurance - Wikipedia, the free encyclopedia
Crop insurance is purchased by agricultural producers, including farmers, ranchers, and others to protect themselves against against either the loss of their crops due to natural disasters, such as hail, drought, and floods, or the loss of revenue due to declines in the prices of agricultural commodities.
Crop-hail insurance is generally available from private insurers (in countries with private sectors) because hail is a narrow peril that occurs in a limited place and its accumulated losses tend not to overwhelm the capital reserves of private insurers.
For example, RMA establishes crop-revenue insurance guarantees on corn by multiplying each farmer's corn-yield guarantee, which is based on the farmer's own production history, times the harvest-time futures price discovered at a commodity exchange before the policy is sold and the crop planted.
en.wikipedia.org /wiki/Crop_insurance   (420 words)

  
 TB227 Crop Insurance in the Midsouth
An analysis of crop insurance participation, loss experience, and premium rates is presented for cotton and soybeans in the Midsouth states of Arkansas, Louisiana, and Mississippi.
Insurance revenues are shared between the RMA and private insurance companies as is the liability for paying any insurance claims.
If the crop was declared a total loss early in the growing season, when the grower had borne only a small portion of the expected variable input cost, the indemnity would be adjusted downward accordingly.
msucares.com /pubs/techbulletins/tb227.html   (6034 words)

  
 CROP INSURANCE AND DECISIONS ON ABANDONEMENT OR GROW OUT FOR COTTON AND PEANUTS
If the crop is grown out, sources of income will be crop sales plus indemnity if final yield is less than the insured yield and the relevant costs to consider are only those of completing the production and marketing of the crop.
Crop insurance pays on base grade quality, thus a situation could happen where an indemnity payment will result in a better return than a higher actual yield at low quality.
The Threshold Yield for non-irrigated cotton is 208 to 270 lbs per acre or a Stand of 32 to 54% depending on the crop insurance APH.
www.ces.uga.edu /Agriculture/agecon/pubs/cropin.htm   (3944 words)

  
 Crop Insurance
Crop insurance does not cover any loss of production due to: (1) Neglect, mismanagement, or wrongdoing, including members of your household, your tenants or employees or (2) Failure to follow recognized good farming and harvesting practices.
*Crop insurance provided via a written agreement (an individualized crop insurance quote) since it is not an approved crop in Virginia.
Crop Insurance Specialist Steve Grant is licensed to sell crop insurance in Virginia, West Virginia, Maryland, and Pennsylvania.
www.valleyfc.com /cropins.html   (884 words)

  
 NPR : Crop Insurance Program Ripe for Fraud
Morning Edition, November 15, 2005 · Federal crop insurance was created in the dust bowl days of the 1930s to help farmers survive the ravages of nature: drought, hail, flood, freeze, insects, disease.
The value of insured crops jumped from $10 billion to $40 billion, as dozens of new specialty crops became eligible, from blueberries to sunflowers to lemon grass.
The industry claims the crop insurance business is expensive to run, and after overhead is paid, their rate of profit is a modest 8 to 10 percent.
www.npr.org /templates/story/story.php?storyId=5012400   (1143 words)

  
 PDA: Crop Insurance Program
Since you cannot control disasters, it may be wise to transfer some of the risk to crop insurance in exchange for a manageable premium that can be a part of your operating budget.
Crop insurance can also work as part of a seamless package with pre-harvest crop marketing programs that can help to increase profits in good years.
The national crop insurance program is undergoing significant changes and improvements as a result of the new Agricultural Risk Protection Act of 2000.
www.agriculture.state.pa.us /agriculture/cwp/view.asp?q=128558   (243 words)

  
 Crop Insurance Of America
Crop Insurance Of America can help you maximize your potential with programs issued through the USDA with over 25 years in crop insurance business.
All counties in the U.S.A. are eligible for crop insurance.
Crop Insurance Of America can help you maximize your potential with programs issued through the...
www.cropinsure.com /index.htm   (216 words)

  
 Crop insurance changes due
The multi-peril crop insurance price election for cotton for 2002 is likely to be substantially lower than it was in 2001, with the price set at 50 cents per pound for all regions of the Cotton Belt pending additional direction from Congress.
The Agricultural Risk Protection Act (ARPA) also mandated that crop insurance premium rates be based on the producer's APH yield prior to adjustment, and not on his revised APH yield using 60 percent of the T-bill.
Under this provision cotton is uninsurable on acreage for which a small grain crop reached the headed stage in the same calendar year unless the acreage is irrigated or adequate measures are taken to terminate the small grain crop prior to reaching the “50 percent headed” state.
southeastfarmpress.com /mag/farming_crop_insurance_changes/index.html   (1026 words)

  
 Farm Insurance
"The Consumer's Guide to Farm Insurance in Maryland" is intended to help farmers understand their coverage and options for property insurance, including liability and crop insurance resources.
Crop insurance, subsidized and regulated by the USDA-Risk Management Agency, is an important tool in managing financial risk associated with farming.
Maryland farmers underutilize federally subsidized crop insurance compared to counterparts in other parts of the country.
www.mda.state.md.us /crop_insurance/index.php   (342 words)

  
 Nebraska Crop Insurance 101
APH coverage is the oldest and most popular product in the crop insurance family of policies.
For most crops, this includes drought, excess moisture, cold and frost, wind, flood and unavoidable damage from insects and plant disease.
Since this plan is based on county yields and not individual yields, the insured may have a low yield on their farm and not receive payment under the GRP plan of insurance.
www.grabensteininsurance.com /nebraska_crop_insurance_101.html   (1265 words)

  
 No-plant crop insurance needs revisions
That's why he and others around the nation are pressing national agriculture leaders to rethink their budget allocations regarding agriculture spending in the crop insurance programs.
If a crop won't make a stand or emerge from the soil, crop insurance pays growers 65 percent of the value of a crop, based on historical yields and a preset value per bushel of grain sorghum or pound of cotton lint.
To qualify for federal crop insurance and avoid penalties for planting late, growers here had to plant by March 31.
www.txfb.org /TexasAgriculture/2006/040706/040706cropinsurance.htm   (902 words)

  
 Maine Crop Insurance Education Program
For decades, the Federal Government has made ad hoc disaster and deficiency payments to growers who experience a significant crop or revenue loss due to weather or other conditions beyond their control.
Crop insurance will provide partial replacement for the Federal safety net.
Their goal is not to sell insurance to growers and producers, but to increase awareness of the changes occurring at the USDA and educate growers of the potential benefits of crop insurance to their operations.
www.umaine.edu /umext/cropinsurance   (370 words)

  
 Crop 1 Insurance - Welcome
Premium Saver allows farmers to select a suitable crop insurance product that is in a sense “customized” to their farm, production history, market conditions, and risk tolerance.
Crop1 is a full service administrator of federal crop insurance on behalf of Occidental Fire and Casualty Insurance of North Carolina ("Occidental").
The policies we issue are reinsured by the Federal Crop Insurance Corporation as well as four private reinsurance companies.
www.crop1insurance.com   (430 words)

  
 Crop Insurance - PIA   (Site not responding. Last check: 2007-11-02)
Position: PIA supports a federal crop insurance program that provides needed insurance coverage to America’s farmers through a federal government-private sector partnership.
PIA believes that no exclusive competitive advantage should be granted to non-insurance entities in the delivery of crop insurance to farmers.
To learn more about PIA's position on Crop Insurance, read the July 2006 Crop Insurance PIA Position Paper.
www.pianet.com /IssuesOfFocus/HotIssues/crop   (164 words)

  
 E-Crop Insurance
Farmers can 'pair up' crop insurance with a marketing program which balances risks and rewards, and PAIR Management and your E-Crop Pro provides the discipline to help carry the marketing program out.
Real insurance and marketing risk management is deciding what risks to take, which to avoid, and which to pay someone else to assume.
Remember, coverages change from year to year so always check with your Pro Ag Crop insurance agent to find out current coverage levels (this information was first posted in Feb. 2000 and is only updated periodically, but should not be relied upon as being completely current).
www.progressiveag.com /cropinsurance   (662 words)

  
 NPR : High-Tech Methods Crack Farm Insurance Cheats
The agency that oversees crop insurance, the Risk Management Agency, contracted with a data-mining company near Fort Worth, Texas, to analyze millions and millions of farm records to look for anomalies.
With that information compared to observation of the crop, investigators are able to determine whether the producer made an effort to produce a crop, and whether, due to natural causes, he had a loss.
On the Colorado County farm, a loss adjustor and an insurance claims specialist weigh the cobs to see how underweight the corn is. It appears this crop was stressed by drought and the farmer will have a legitimate loss.
www.npr.org /templates/story/story.php?storyId=5013871   (1291 words)

  
 Crop Insurance Research Bureau (CIRB) | Home Page
The Crop Insurance Research Bureau (CIRB) is a national trade association made up of insurance providers and related organizations who provide a variety of insurance products for our Nation’s Farmers.
CIRB companies are big and small and offer private hail/fire coverage on growing crops as well as participate in the federal crop insurance program which offers a great variety of subsidized insurance products from yield based coverages to revenue products.
Crop Insurance is a very dynamic business so bookmark this site and visit us often.
www.cropinsurance.org   (136 words)

  
 Crop Hail Insurance
No one knows what the weather holds in store, but having insurance certainly helps to manage the risks that producers face everyday.
Crop hail insurance provides compensation for the loss of crops due to one of nature's most damaging weather conditions - hail.
With the help of an FCS insurance specialist or financial services officer, you determine the coverage that is best for your situation, up to the total expected cash value of the crop.
www.agexperts.com /insuranceCropHail.cfm   (100 words)

  
 Ag Risk Hawaii   (Site not responding. Last check: 2007-11-02)
Given the wide range of current and potential pests and diseases, the vagaries of changing weather patterns, and the uncontrollable, increasingly competitive global marketplace, a producer attempting to grow a crop without USDA crop insurance coverage is operating at a severe disadvantage.
The national participation rates indicate most farm managers find USDA crop insurance to be an effective means at a reasonable cost to insure their revenue and/or yield or cost of production.
The goal of crop insurance is to provide a floor or security net so that one bad year does not cause a farm to fail.
www.ctahr.hawaii.edu /agrisk/crop_insurance.html   (871 words)

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