Latest News From Crop Insurance

FBN Spins Off Insurance Business
FBN Spins Off Insurance Business

What was once known as FBN Insurance will now be known as Momentum Ag and part of Patriot Growth Services.

$709 Billion Farm Bill Will See a Budget Increase, According to G.T. Thompson
$709 Billion Farm Bill Will See a Budget Increase, According to G.T. Thompson

During Thompson's presentation at a crop insurance event, he was passionate about getting a farm bill done, but acknowledged several hurdles that he said could be overcome in a bipartisan approach.  

3 Topics Producers Should be Tracking in the Farm Bill
3 Topics Producers Should be Tracking in the Farm Bill

“We don’t need to rewrite the entire farm bill,” Rep. Thompson (R-Pa.) says. “We’re comfortable with many parts of the 2018 bill and there aren’t many tweaks, instead things we need to protect and invest in."

Is There Anything New from the Latest Farm Bill Debate?
Is There Anything New from the Latest Farm Bill Debate?

We need to know the final funding level in the debt limit debate before there are can be any attempt to mix and match farm bill titles and funds.

Commodity Programs Might See a 12% Cut in the Proposed $1 Trillion Farm Bill
Commodity Programs Might See a 12% Cut in the Proposed $1 Trillion Farm Bill

SNAP, which historically receives the greatest amount of farm bill funding, will see an 82% increase of a quarter-trillion-dollars.

Grassley
Crop Insurance, Production Costs, ERP Among Key Topics at Senate Ag Farm Bill Hearing

A Senate Ag Committee hearing Thursday on the new farm bill raised a issue that is now evident: the Title 1 farm bill safety net can no longer deal with the current ag environment.

The Cost of a Farm Bill: 2023 Row Crop Priorities
The Cost of a Farm Bill: 2023 Row Crop Priorities

The 2018 farm bill was stamped with a $428 billon price tag when passed. With the bill set to expire on Sept. 30, here’s a breakdown of the topics ag groups look to push on the negotiating table.

How the $1.7 Trillion Omnibus Spending Package Might Impact Your Operation
How the $1.7 Trillion Omnibus Spending Package Might Impact Your Operation

Text of the $1.7 trillion omnibus spending package was released early Tuesday morning. The Senate will vote first and intends to pass the measure before Thursday, leaving the House no time to demand changes.

Rep. G.T. Thompson Lists His 3 Farm Bill Objectives
Rep. G.T. Thompson Lists His 3 Farm Bill Objectives

Thompson is gearing up to replace Rep. Scott as the House Ag chairman in Jan. With his new title in tow, Thompson will be working alongside current Senate Ag Chairwoman Stabenow to pass farm bill 2023. 

North Dakota Claims Nearly 40% of 2022 Prevent Plant Acres
North Dakota Claims Nearly 40% of 2022 Prevent Plant Acres

Weather challenges this spring tugged total crop acres down for 2022. USDA’s Farm Service reports farmers were unable to plant on 6.387 million acres.

Conservation, Loan Rates and Insurance: 3 Farm Bill Topics Gain Traction
Conservation, Loan Rates and Insurance: 3 Farm Bill Topics Gain Traction

The Senate Committee on Ag, Nutrition and Forestry held the first 2023 Farm Bill hearing in early May. Hearing attendees agreed the 2023 Farm Bill should echo elements in the current bill and address new topics.

USDA Unveils Pandemic Cover Crop Program for 2022
USDA Unveils Pandemic Cover Crop Program for 2022

In 2021, the first year the program was made available, producers enrolled 12.2 million acres of cover crops in PCCP, capturing a collective $59.5 million in premium subsidies.

New Crop Insurance Program for Farmers Who Split-Apply Nitrogen
New Crop Insurance Program for Farmers Who Split-Apply Nitrogen

Available in select counties in 11 states, the Post Application Coverage Endorsement is available for non-irrigated corn.

Setting the Farm Bill Stage
Setting the Farm Bill Stage

For the upcoming 2023 farm bill, expect chatter and debate about carbon markets, conservation, trade and more. Policy watchers encourage farmers to keep an eye on these issues, as discussions begin in January.

Drones Slash Crop Insurance Adjuster Time, Boost Confidence
Drones Slash Crop Insurance Adjuster Time, Boost Confidence

RCIS did side by side comparisons of an adjuster using traditional methods and an adjuster supplementing their methods with a drone. On certain claims, the company saw a times savings as high as 66%.

USDA to Defer Interest Accrual on Unpaid Crop Insurance Premiums
USDA to Defer Interest Accrual on Unpaid Crop Insurance Premiums

USDA Risk Management Agency (RMA) Thursday said it will defer accrual of interest for all agricultural producers’ spring 2019 crop year insurance premiums.

Ohio State Extension Provides 3 Resources For Spring 2019 FAQs
Ohio State Extension Provides 3 Resources For Spring 2019 FAQs

In response to the conditions and options in front of farmers this spring, the Ohio State University Extension has published three articles

Should You Choose ARC or PLC on Sept. 1?
Should You Choose ARC or PLC on Sept. 1?

On Sept. 1, you have a big deadline. For the first time since the programs were created, you can switch your elections for ARC and PLC. Which should you choose?

Considering Prevent Plant? Call Your Agent Now
Considering Prevent Plant? Call Your Agent Now

The first step farmers should do when considering prevent plant as an option is to call their insurance agent, says Bob Hartsough of Silveus Insurance Group. 

“But the moment you go to less than 73% planted on May 20, that's when we start to see statistical departure from that high probability of still having a trend line yield.”
Rain Washes Away Potential For Trendline Corn Yields

Some market analysts say the May 20 crop progress report from USDA will show the potential for trendline corn yields this year is now gone.

The end goal is to streamline the reporting process as part of the Multiple Peril Crop Insurance (MPCI) program.
Crop Insurance Will Integrate With Elevator Data, App

The end goal is to streamline the reporting process as part of the Multiple Peril Crop Insurance (MPCI) program.

Farmers Business Network To Offer Crop Insurance
Farmers Business Network To Offer Crop Insurance

Monday Farmer’s Business Network (FBN) announced it will offer a full range of crop insurance products and services through FBN Insurance, LLC.