Press Releases
Subcommittee Reviews Effects of River Rises on Crop Insurance
Washington, DC,
February 28, 2006
Liz Friedlander (202) 225-1564 James Ryder (202) 225-0020 “Crop insurance is an integral part of farming. Most farmers consider it as the centerpiece of their risk management planning and would not think of risking their livelihood and future without the coverage provided by crop insurance. The program is working for a vast majority of America’s farmers and it’s the role of this Subcommittee to make sure that the program continues to improve, expand and assure a secure food supply and a stable rural economy,” said Chairman Moran in his opening statement. Some producers expressed concern that the increased water levels may lead to damages to agricultural land that would not be covered by crop insurance. Risk Management Agency (RMA) Administrator Eldon Gould noted that the Federal crop insurance program mandates coverage for disasters associated with natural events and does not cover damages resulting from man-made events. “…RMA has been consulting extensively with the Corps since we learned of the planned water pulse events to determine, and where possible, minimize the risks to producers due to these releases,” Gould said. “…Based on the control of timing and magnitude, and the Corps’ analysis of the current conditions in the Missouri River system, neither RMA nor the Corps anticipates that these upcoming releases will cause damages to crops or cropland along the Missouri River system.” The Subcommittee heard from three panels of witnesses. The full testimony of the witnesses is available on the Committee website: http://democrats-agriculture.house.gov/hearings/statements.html. WITNESS LIST
http://democrats-agriculture.house.gov ### |