USA - Crop insurance critical in flood areas

03.10.2016 354 views
Crop insurance is seen as an important safety net for farmers, and that’s especially true during a disaster. Eastern and central Iowa farmers dealt with torrential rains and subsequent flooding last week. They’ve seen the devastation first-hand. Grassley recently surveyed the flood damage in several eastern Iowa cities, and discussed his experience on "I saw debris and damage left by receding floodwaters, many homes underwater, preparations to mitigate flooding downstream and farmers surveying their flooded crops," Sen. Charles Grassley (R-Iowa) said on Money Matters, a program on the Iowa Agribusiness Radio Network. Grassley told host Ben Nuelle that crop insurance, which is partially funded by farmers and delivered by the private sector, will be crucial for farmers whose crops flooded this year so close to harvest. "With grain prices as low as they have been in years, that program will provide some relief to insure producers who will be forced to take a complete loss on their flooded fields,” Grassley said. “It is important reminder heading into the farm bill of the critical role crop insurance plays in the farm safety net." Source - http://www.porknetwork.com
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