Hello and welcome to the ZimmCast. In this episode we’re going to continue learning about newer options for insurance programs for farmers. And in the program we’re going to learn about a relatively new way for farmers, ag processors and cooperatives to have more control over their own risk protection. In particular, the subject will be Captive Insurance Programs. I …
CIRB Watching Farm Bill Discussions
Farm bill is on the mind of those attending the 59th annual Crop Insurance and Reinsurance Bureau (CIRB) annual meeting this week in Florida. Friday’s agenda included a Farm Bill Panel moderated by CIRB Deputy Executive Director Tara Smith with two veteran farm policy experts – Joe Shultz, Executive Director of the Platform for Agriculture and Climate Transformation (PACT); and …
Welcome to the 2023 CIRB Annual Meeting
The Crop Insurance and Reinsurance Bureau (CIRB) 2023 Annual Meeting officially kicked off in Bonita Springs, Florida today with a welcome from chairman Brian Young, Crop Risk Services. “Of course this annual meeting program is set against the back drop of another year of unique challenges to our industry and America’s farmers and ranchers,” said Young. “It’s been a year …
ZimmCast 703 – Introducing AgriCap Group, LLC
Hello and welcome to the ZimmCast. I’m Chuck Zimmerman. As you know, our theme here on AgWired has always been, “What’s new in the world of agribusiness.” And in this program we’re going to learn about a relatively new way for farmers, ag processors and cooperatives to have more control over their own risk protection. There is more to the …
Preview of the 57th CIRB Annual Meeting
The Crop Insurance and Reinsurance Bureau is holding its virtual 2021 CIRB Annual meeting tomorrow February 4, hosted on Zoom. CIRB’s 57th Annual Meeting will feature distinguished speakers, such as Dr. John Newton from American Farm Bureau Federation and Jim Wiesemeyer from Pro Farmer, to provide updates for the crop insurance industry. You can find the agenda here. A virtual …
2020 Economic Outlook
Economist Bob Young told those attending the 2020 Crop Insurance and Reinsurance Bureau Annual Meeting that the general economy is not in a bad place, and he expects some economic growth in the year ahead. When it comes to the agriculture sector specifically, Young has questions about what will happen with all of the acres that were not planted in …
FMH Offers New Cyber Risk Protection for Farmers
Farmers Mutual Hail Insurance Company of Iowa (FMH) has announced the new FMH Cyber Risk Protection suite, which includes two new cyber risk products to provide protection and services in the event an individual, family, or farm is the victim of a computer attack, cyber extortion, online fraud, or a breach of personal information. “Farmers Mutual Hail has been protecting …
Pro Ag Insurance Group to Acquire International Ag
Producers Ag Insurance Group, Inc. (ProAg), announced a purchase agreement had been signed to acquire crop managing general agent (MGA) International Ag Insurance Solutions, LLC (International Ag). The transaction, which is subject to a number of closing conditions including final approvals by certain International Ag members and regulatory authorities, is expected to close by April 3, 2017. “ProAg believes International …
NCGA Study Shows Crop Insurance Returns Decreased
Since the renegotiation of the Standard Reinsurance Agreement in 2010, private crop insurance company returns have significantly decreased, says a new study by the National Corn Growers Association (NCGA). Current returns are inline with standard established by the USDA’s Risk Management Agency, averaging around 1.5 percent- a decrease of 12.6 percentage points. “The federal crop insurance program is the cornerstone …
Meet @CIRBdc Crop Insurance Coalition Members
The Crop Insurance and Reinsurance Bureau coalition members have been instrumental in being a voice for the industry on Capitol Hill. Representatives from four of those coalition partners joined the CIRB annual meeting last week to talk about what they do to advocate for crop insurance. The panel included Ed Elfmann with the American Bankers Association; Kay Rentzel of the …