The Federal Crop Insurance Program began nearly 75 years ago. Now a public/private partnership, agents write more than 1 million crop insurance policies. As Congress looks at a 2012 farm bill, learn what agents need to know about this growing industry.
The U.S. Dept. of Agriculture reported that farm profits are expected to rise 28 percent to $100.9 billion this year and the amount of cash farms have…
U.S. corn and soybean growers will pay lower rates from crop insurance in 2012 -- down by an average 7 percent for corn and 9 percent for soybeans, the federal overseer said.
A vibrant farm industry is currently helping the crop insurance industry cope with the Agriculture Department's decision to substantively cut back its subsidy program, "but every year is a new year."
Independent agents and underwriters sparred with U.S. Agriculture Department representatives over agent commission caps put forth as part of the mandated cuts to the federal crop insurance program during a recent House subcommittee hearing.