Timely Farm Bill with Strong Crop Insurance Critical for Agriculture

Podcast / Newsline September 20, 2018

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Farmers and ranchers need quick passage of the current farm bill to help them weather these tough economic times. Micheal Clements has more.

Clements: Farmers and ranchers need a new farm bill by the end of the month when the current law expires. The farm bill provides critical risk management tools, such as crop insurance, for farmers. Illinois Farm Bureau President Richard Guebert says farmers and ranchers need a farm bill now, not later.

Guebert: There is a sense of urgency to get it completed. With all that we have in front of us today, with trade and tariffs and low commodity prices, big crops the last couple years, farmers need certainty that we’re going to have crop insurance as a risk management tool in our toolbox.

Clements: Guebert says farmers use crop insurance like any other insurance policy, to provide security.

Guebert: We buy crop insurance like people buy a home policy. You don’t buy crop insurance to have a claim. You buy it for the protection and the security to cover the large losses that you may incur.

Clements: Guebert says history shows the need to have a timely farm bill with a sound crop insurance program.

Guebert: It’s expensive to put a crop out and if you look back to 2012 when throughout the Midwest we had the drought, there was a lot of indemnities paid and losses covered. Did it make us whole? Absolutely not. But, it gave us the security that we can cover some of our input costs that we’ve laid out earlier in the spring.

Clements: Micheal Clements, Washington.

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