(Posted Tue. Mar 12th, 2013)
Mar. 12: The National Corn Growers Association joined more than 40 commodity groups, lending organizations, input suppliers and other agricultural industry stakeholders in sending a letter today supporting meaningful and affordable crop insurance to members of the House of Representatives and Senate Agriculture Committees.
Stressing that federal crop insurance is the cornerstone of many farmers’ risk management portfolios, the letter expresses the signatories’ opposition to any changes to crop insurance that would discourage producer participation or undermine private sector delivery.
Noting that crop insurance provides an effective risk management tool to farmers and ranchers when facing losses beyond their control while reducing tax payer exposure to risk, the letter expresses the groups’ support of both current programs and their delivery by private insurers, which ensures prompt service and creates much needed jobs in rural America.
“The significant, widespread crop losses of 2011 and 2012 have clearly demonstrated the need for crop insurance protection and the public-private partnership of program delivery,” the letter states. “Farmers, ranchers, their lenders, input suppliers and other stakeholders agree that crop insurance protection should remain a viable, affordable tool for risk management.”
The letter concludes by stressing the value of Congressional efforts that have been made to strengthen and improve crop insurance programs and urging members to oppose actions that would reverse this progress.
“After a very challenging 2012 crop year, and with increasing demand for food, fiber, feed and fuel worldwide, it makes little sense to reverse the great progress Congress has made in providing crop insurance protection to producers.”
To view the full letter sent to the House of Representatives, click here.
To view the full letter sent to the Senate, click here.