WASHINGTON, DC (January 28, 2022) – Fifty-five partners of the Crop Insurance Coalition, representing farmers, lenders, agricultural input providers, and conservation groups sent letters to key lawmakers and the Administration opposing cuts to crop insurance during the upcoming fiscal year 2023 budget process.
- Click here for the letter to the House and Senate Budget Committees
- Click here for the letter to the House and Senate Appropriations Committees
- Click here for the letter to USDA Secretary Tom Vilsack and Acting Director Young of the Office of Management and Budget
“It is no accident that the most recent farm bills emphasized risk management, and in doing so, protected the interests of American taxpayers. Farmers spend as much as $4 billion per year of their own money to purchase insurance from the private sector. On average, farmers also must incur losses of almost 30 percent before their insurance coverage pays an indemnity. Crop insurance allows producers to customize their policies to their individual farm and financial needs and policies are based on fundamental market principles, which means higher risk areas and higher value crops pay higher premiums for insurance. Crop insurance and its links to conservation further ensure that the program is a good investment for taxpayers,” the letter explains.
Please contact CIRB Deputy Executive Vice President Tara Smith at tsmith@torreydc.com with any questions.
About CIRB:
Founded in 1964 and headquartered on Capitol Hill, the Crop Insurance and Reinsurance Bureau (CIRB) is proud to provide unparalleled advocacy, support, and membership services to the crop insurance and reinsurance community. Today, CIRB members provide a vital component of the farm safety net, writing policies in every state and providing billions of dollars in crop protection. Learn more about us at www.cropinsurance.org. To learn more about CIRB’s work, or to get involved, please contact CIRB staff.
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