is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

  • American Agriculturist
  • Beef Producer
  • Corn and Soybean Digest
  • Dakota Farmer
  • Delta Farm Press
  • Farm Futures
  • Farm Industry news
  • Indiana Prairie Farmer
  • Kansas Farmer
  • Michigan Farmer
  • Missouri Ruralist
  • Nebraska Farmer
  • Ohio Farmer
  • Prairie Farmer
  • Southeast Farm Press
  • Southwest Farm Press
  • The Farmer
  • Wallaces Farmer
  • Western Farm Press
  • Western Farmer Stockman
  • Wisconsin Agriculturist

USDA to lower crop insurance premiums for corn

USDA’s announces that crop insurance premiums for corn will be rerated for the 2012 crop year. NCGA applauds move.

The National Corn Growers Association has praised the USDA’s announcement that crop insurance premiums for corn will be rerated for the 2012 crop year.

For USDA announcement, see here.

“NCGA has been working on this issue for more than eight years,” said NCGA President Garry Niemeyer, a corn farmer from Auburn, Ill. “We are pleased to hear our farmers will no longer be facing the continued widening gap between the loss for corn and the premiums charged to growers for policy coverage. This is a day long coming.”

The announcement stated the average premium for corn will be lowered by 7 percent beginning in 2012 and soybeans will be lowered by 9 percent. The rate adjustment is based on findings of an independent study and peer review process. The USDA’s Risk Management Agency also announced it will be releasing documents by Wednesday that outline premium rates and other program information for the 2012 crop year.

“Our farmers have historically paid more than their fair share of crop insurance premiums and we are pleased to see this is finally coming to an end,” Niemeyer said. “We will continue to work with the USDA as they implement these new premiums for the 2012 crop year.”

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.