NGFA joins crop insurance funding coalition
(Posted on 26/02/19)
The NGFA joined 59 other farm and agribusiness groups in signing a letter urging the US Congress not to propose cuts to federal crop insurance in the next budget proposals.
In the Feb. 19 letter addressed to the House and Senate Budget committees, agricultural stakeholder groups noted that farm income has dropped more than 45 percent over five years.
“An over-reliance on budget savings from the agriculture community and from crop insurance will unquestionably undermine rural economies,” the letter stated.
“It’s also important to note that in a time of uncertainty in the farming and ranching community – from natural disasters to trade disputes to government shutdowns – the public-private partnership that is crop insurance has been a consistent and reliable risk management tool,” the letter adds. “The certainty of federal crop insurance also offers lenders the assurances they need to continue to provide capital to America’s hardworking farmers and ranchers.”
The NGFA has long supported a reliable federal crop insurance system for its members’ farmer-customers. The 2018 farm law, which President Trump signed on Dec. 20, renewed the current federal crop insurance program. “The importance of crop insurance was just reaffirmed less than two months ago with the passage and signing of the 2018 Farm Bill, and we urge you to oppose cuts to crop insurance during this year’s budget process,” the groups concluded in both letters.
The National Grain and Feed Association, founded in 1896, is a broad-based, non-profit trade association that represents and provides services for grain, feed and related commercial businesses. Its activities focus on enhancing the growth and economic performance of U.S. agriculture.
Latest News
MPA welcomes UK Government’s commitment to fund CCUS
(Posted on 08/10/24)The Mineral Products Association (MPA) has welcomed the Government’s pledge to fund the launch... Read more
Glencore’s Stephen Rowland elected Chair of ICA’s Board
(Posted on 08/10/24)The Board of Directors of the International Copper Association (ICA) has elected Stephen Rowland, Glencore... Read more
NGFA highlights ‘trifecta of transportation trouble’ for US agriculture
(Posted on 01/10/24)Potential disruptions to the nation’s shipping infrastructure could have a devastating effect... Read more
ADM adds non-GM capabilities in Hungary
(Posted on 01/10/24)ADM has announced that it has reached an agreement to acquire Vandamme Hungaria Kft and its related... Read more
Richard Holtum to become Trafigura CEO from 1 January 2025
(Posted on 25/09/24)Trafigura Group Pte Ltd has announced that Richard Holtum will become Chief Executive Officer (CEO)... Read more
Financial community visit Rio Tinto North American operations
(Posted on 25/09/24)Rio Tinto is hosting a site visit for the financial community this week to its Aluminium and Iron &... Read more
NGFA testifies on opportunities for growth in freight rail
(Posted on 19/09/24)The President and CEO of the National Grain and Feed Association (NGFA), Mike Seyfert, has testified... Read more
Jiri Zrust appointed Trafigura Global Head of Operational Assets
(Posted on 19/09/24)Trafigura has announced the appointment of Jiri Zrust to the newly-created role of Global Head of Operational... Read more
Call for strategy to support sustainable production and use of fertilizers
(Posted on 12/09/24)The Strategic Dialogue on the Future of Agriculture has delivered its final report to the European Commission... Read more
Cargill acquires two US feed mills to strengthen production and distribution
(Posted on 08/09/24)To grow with the ag retail and large ranching/ farming segments in the western and central regions of... Read more
