Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   

Agricultural News


Wheat Growers: Cuts to Crop Insurance Unacceptable

Tue, 27 Oct 2015 15:03:29 CDT

Wheat Growers: Cuts to Crop Insurance Unacceptable
The Administration and Congressional leadership announced Monday night bipartisan budget deal that would both raise discretionary spending caps for FY 2016 and FY 2017 and it would increase the debt limit until March 15, 2017. This budget agreement could have significant negative impacts on agriculture.


NAWG is very opposed to these provisions that would be devastating to the crop insurance companies and ultimately for growers as well. In this difficult economic climate, at a time when commodity prices are low, agriculture has already taken a hit. We took unprecedented cuts in negotiating the farm bill. Just one year into the new farm bill and Congress let sequester cuts happen. Now they want to cut more. We cannot stand by and allow more cuts to be made, said NAWG President, Brett Blankenship, wheat grower from Washtucna, Wash.


The text of the agreement includes a provision, Title II, that would require the U.S. Department of Agriculture to renegotiate the Standard Reinsurance Agreement, the agreement between the Risk Management Agency and the crop insurance companies to administer the federal crop insurance program, by December 31, 2016, and that the agreement establish a target rate of return for the approved insurance providers of 8.9 percent of retained premium for each of the 2017 through 2026 reinsurance years, resulting in $3 billion in cuts.


Click here to read the full budget agreement.




 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Texas & Southwestern Cattle Raisers Association announces Cody Maxwell the 2020 Outstanding County Extension Agent  Sat, 24 Jul 2021 07:36:43 CDT
  • House Agriculture Committee to Consider WHIP+ Extension for 2020, 2021 as Senators Boozman, Hoeven Tee Up Similar Package   Sat, 24 Jul 2021 07:32:00 CDT
  • Webinar Overview: Eric Stonestreet Celebrates Pig Farming   Sat, 24 Jul 2021 07:29:31 CDT
  • Friday, July 23, 2021 Market Wrap-Up with Justin Lewis  Fri, 23 Jul 2021 17:07:41 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m, Friday, July 23  Fri, 23 Jul 2021 15:45:26 CDT
  • OKFB Foundation for Agriculture announces $16,000 in Educational Grants  Fri, 23 Jul 2021 13:16:28 CDT
  • Smart Irrigation practices Benefit plants and Budgets  Fri, 23 Jul 2021 13:10:33 CDT
  • Plexus Cotton Market Report - July 22, 2021  Fri, 23 Jul 2021 13:07:16 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.