Organizations Concerned with Reinsurance Agreement

Organizations Concerned with Reinsurance Agreement

Possible further cuts in crop insurance concern groups.

Ten national agricultural organizations have sent a letter to Ag Secretary Tom Vilsack concerning the Draft Standard Reinsurance Agreement. The letter highlights the importance of prioritizing the protection of farmers' viability, emphasizing that changes made should not negatively impact farmers and ranchers' ability to access insurance products that are vital to their operations.

 

One of the organizations, the National Farmers Union, says it supports an SRA that will not negatively impact the delivery of crop insurance, but instead strengthens risk management protection and allows for access to those in need. 

 

NFU President Roger Johnson says the consideration of a $4 billion cut to the crop insurance program over five years on top of several substantial cuts made last year concerns both producers and businesses. NFU would like to see past savings reinvested into the program. 

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