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Crop Insurance Indemnities Over $1.8 Billion for 2015 Crops

Crop Insurance Indemnities Over $1.8 Billion for 2015 Crops

U.S. crop insurance indemnities stand at $1.848 billion as of Sept. 14, up nearly $800 million over the past month, according to Risk Management Agency (RMA) data. Not surprisingly, wheat remains the crop with the largest payouts, largely due to ...

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Could Crop Insurance Subsidies Be at Risk in 2015?

Could Crop Insurance Subsidies Be at Risk in 2015?

“This is probably the most challenging year for crop insurance in a very long time,” warned Mary Kay Thatcher of the American Farm Bureau Federation. Farmers already concerned about the grain markets and the market price for crop insurance need to ...

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Obama’s budget would cut crop insurance subsidies

Obama’s budget would cut crop insurance subsidies

President Barack Obama’s 2016 budget plan finds $16 billion in savings over 10 years by slashing federal funding for crop insurance programs. The proposed cuts aren’t going over well with farmers or lawmakers from agriculture states. The budget “turns a ...

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2015 crop cost estimates released

2015 crop cost estimates released

Iowa State University Extension and Outreach released its annual publication titled Estimated Costs of Crop Production in Iowa – 2015. The publication is intended to help farmers determine their own potential 2015 crop costs per acre and per bushel for various ...

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Climate Change Could Increase Crop Insurance Losses

Climate Change Could Increase Crop Insurance Losses

Climate change could increase losses in flood and crop insurance programs significantly in coming decades, according to a USA Today article available here. Agri-Pulse also published an article available here and Insurance News here. The Government Accountability Office’s (GAO) report ...

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Farmer Leaders Call Crop Insurance “Most Important Risk Management Tool”

Farmer Leaders Call Crop Insurance “Most Important Risk Management Tool”

Farmer leaders from across the country called crop insurance their “most important risk management tool” and said it is essential to keep agriculture strong and bring young farmers into an aging business. The comments were made during a panel discussion ...

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Integrating Technology and Insurance: Precision Agriculture Meets Crop Insurance

Integrating Technology and Insurance: Precision Agriculture Meets Crop Insurance

What is Precision Agriculture? Agriculture is a constantly changing industry, continuously adopting new technologies in order to make each process more efficient, sustainable, and, ultimately profitable. Precision agriculture technologies have been around for over two decades and are becoming a ...

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