Articles tagged under: crop insurance

FARMER Act-Good for Farmers and Taxpayers

Published April 10, 2024

North Dakota Senator John Hoeven has introduced the Federal Agriculture Risk Management Enhancement and Resilience or FARMER Act. In Hoeven’s view, this proposal puts the farm back into the farm bill. "That means we've got enhanced crop insurance, which is…
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Crop Insurance Fraud Case Settled

Published March 26, 2024

A Washburn, North Dakota farmer has accepted a plea agreement to settle allegations of crop insurance fraud. Kent Pfaff must pay more than $390,000 in restitution and serve three years of supervised release for providing false information to the Risk…
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Tronson Sentenced

Published March 15, 2024

U.S. District Court Chief Judge Peter Welte sentenced Buxton, North Dakota farmer Darren Wade Tronson to one year of supervised probation. In addition, Tronson must forgo a $272,000 crop insurance indemnity payment for 2019, pay $10,000 in restitution in connection…
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Spring Price Discovery Period Wraps Up

Published March 1, 2024

USDA's Federal Crop Revenue calculations for the crop insurance price were determined in February. The average December corn price was $4.66 per bushel, down $1.25 from last year. With a national five-year average yield and an 85 percent revenue policy,…
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Crop Insurance Changes

Published February 9, 2024

One of the biggest crop insurance changes for 2024 is for sugarbeet growers. The early harvest allowance is now an option that would need to be elected by March 15. "There are some changes with that, they changed the threshold…
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New Crop Insurance Option for Beet Growers

Published February 9, 2024

Sugarbeet growers have had an early harvest crop insurance adjustment since 2019. AgriLogic Consulting President Clif Parks says this mandatory adjustment is being converted to an optional format. "So essentially making it an option where one grower can select it…
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Strengthening Crop Insurance

Published December 11, 2023

During the House Agriculture Committee Member Day, Minnesota Congresswoman Michelle Fischbach testified in support of a strong crop insurance program as a way to save on ad hoc disaster assistance. “I believe there’s an important opportunity to address this in…
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Waiting for Final Harvest Price

Published October 10, 2023

Harvest season is progressing rapidly and some areas with variable crop conditions could be dealing with a different crop insurance situation than recent years. MinnStar Bank Farm Management Analyst Kent Thiesse says even if yields are above actual production history…
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