2018 was a very good year for the crop insurance and reinsurance industry and 2019 is looking good also. “This was a momentous year for the industry, compared to what might have been,” said Crop Insurance and Reinsurance Bureau (CIRB) executive vice president Mike Torrey in his update at the organization’s annual meeting last week in San Diego. “We were …
USDA RMA Administrator Updates #CIRB2019
USDA Risk Management Agency administrator and Illinois farmer Martin Barbre attended the Crop Insurance and Reinsurance Bureau (CIRB) annual meeting this week to provide an update on his agency’s priorities. Barbre discussed a number of issues, including the Multi County Enterprise Unit, upcoming deadlines, a Farm Bill implementation listening session coming up February 26, disaster relief, and the Dairy Revenue …
Optimism in Crop Insurance Reinsurance Industry
This time last year, the Crop Insurance and Reinsurance Bureau (CIRB) was concerned about what might happen with the new farm bill. This year, members are pretty pleased with how it all turned out. CIRB chairman Zane Vaughn with ARMtech Insurance gives a lot of credit to the organization’s “Protect Crop Insurance” campaign. “It was very beneficial for staff on …
Farm Credit System Outlook on Agriculture Credit Conditions
Three Farm Credit CEOs briefed the media Wednesday on credit conditions and the general agricultural economy. Below are links to audio files of the remarks from each CEO representing different parts of the country. Click here for supporting materials. Kathy Heustess, CEO, ArborOne Farm Credit – South Carolina/Southeast Mark Jensen, CEO, Farm Credit Services of America/Frontier Farm Credit – NE/IA/SD/WY …
Farmers Mutual Hail Partners with Climate Corporation
The Climate Corporation, a subsidiary of Bayer, is partnering with Farmers Mutual Hail Insurance Company of Iowa (FMH) on a platform expanding Climate FieldView™ for crop insurance reporting. “We are excited about working with The Climate Corporation to add an easy-to-use reporting option for our policyholders who use FieldView and agents utilizing FMH Precision Crop Insurance Solutions™,” said Ron Rutledge, …
Farm Credit: ‘Know Your Input Costs’
The March 15 deadline for crop insurance renewals means producers need to have a good idea of their inputs costs going into the coming growing season in order to compare that number to what can be guaranteed by their current crop insurance plan. “One of the biggest things is knowing that guarantee, and we can give them that right now, …
Generations of Farmers Mutual Hail
As a mutual company, Farmers Mutual Hail is owned by its farmer policyholders, and the company has been run by the same family for 125 years. Seeing a need for mutual insurance against hail, W.A. Rutledge organized The Farmers Mutual Hail Insurance Association in 1893, and his great-grandson Ron Rutledge is CEO today, but many other company employees also go …
FMH Celebrates 125 Years of Protecting Farmers
Farmers Mutual Hail Insurance Company of Iowa (FMH) is celebrating 125 years as an American-based, family-run insurance provider and one of the oldest crop insurers in the United States. “Farmers Mutual Hail continues to thrive after 125 years because of our mutual heritage that puts the policyholders first, because of the conservative management which has spanned six generations, and because …
CIRB Rallies to #ProtectCropInsurance
#ProtectCropInsurance was the rallying cry for the troops at the recent Crop Insurance and Reinsurance Bureau (CIRB) annual meeting, and this week’s release of the White House budget proposing deep cuts in the program illustrates what the industry is up against to continuing providing farmers with risk management tools. CIRB Executive Vice President Michael Torrey they are helping to educate …
Precision Ag Meets Customized Crop Insurance
PartnerRe Ltd and Farmers Edge™ have joined forces to couple real-time field data with customized insurance products to help farmers around the globe. This exclusive, four-year agreement between Farmers Edge and PartnerRe brings together precision farming technology and agriculture insurance in a landmark deal that will fundamentally advance the $5 trillion global food and agriculture industry. Under the terms of …