Budget Bill Provision Would Undermine Crop Insurance

An Oct. 27 Action Alert from NCC President/CEO Gary Adams to the American Cotton Producers Executive Committee, NCC Crop Insurance Implementation Working Group and producer interest organizations asks those groups to promptly contact their House of Representative member/delegation and Senators and request that they work with the House and Senate agriculture committees' leadership to strike a provision in the just announced two-year federal budget agreement that would require USDA to renegotiate the Standard Reinsurance Agreement with crop insurance companies and reduce the target rate of return to 8.9%. The NCC believes the provision would cripple the private sector delivery system and result in company consolidation.