It looks like there’s a lot of pressure being put on congress as it relates to crop insurance this year. Crop 1 Insurance sent out a talking news release today with sound bites from their president’s testimony on capitol hill on Tuesday.
CROP1 INSURANCE SAVES FARMERS ESTIMATED $2.4 MILLION THIS YEAR
Premium Reduction Plan Benefits Small Farmers
Des Moines, Iowa — The Crop1 Insurance Premium Reduction Plan (PRP), targeted for elimination in the agriculture appropriations bill passed by the U.S. House of Representatives last month, will save farmers an estimated $2.4 million in premiums this year and benefits many small farmers, according to new figures released by Crop1 Insurance in testimony before the Senate Agriculture Committee on Tuesday. Crop 1 Insurance president and CEO Billy Rose testified that the company has already saved farmers millions of dollars through the PRP.
“To kill PRP sends a simple message – insurance company profits and agents’ commission checks are more important than helping farmers save money. Since the inception and approval of our program, we have saved the American farmer, out of our pocket, over four million dollars – no cost to the American taxpayer.” (full release)
For more information contact Greg Ehm.