The US Federal Crop Insurance Program has become the primary risk management tool for American farmers. It provides insurance for over 128 crops across more than 80% of planted acreage for the top 10 crops. The program began in the 1930s during the Great Depression and Dust Bowl to promote economic stability in agriculture. It has since expanded through public-private partnerships and increased subsidies. The program is administered by the USDA and involves private insurers. It enables farmers to obtain loans and insures against revenue losses from weather and prices. Recent farm bills aim to further expand the program's role in agricultural policy.
Vincent Smith
BOOK LAUNCH
Agricultural Policy in Disarray: Reforming the Farm Bill
Co-Hosted by IFPRI and American Enterprise Institute
DEC 12, 2018 - 12:15 PM TO 01:45 PM EST
Barry K. Goodwin
BOOK LAUNCH
Agricultural Policy in Disarray: Reforming the Farm Bill
Co-Hosted by IFPRI and American Enterprise Institute
DEC 12, 2018 - 12:15 PM TO 01:45 PM EST
Dr. Kolli Rao of Aon Benfield/IRICS presented on index-based crop insurance in India at the workshop on Mobilizing a CGIAR Agricultural Insurance Community in Washington, DC, 20-22 January 2014, hosted by the International Food Policy Research Institute and the CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS). Read more about CCAFS work on index-based weather insurance: http://bit.ly/Ll7Z7Z
The Affordable Care Act (a.k.a. ObamaCare) began March 21, 2010. It represents the most significant regulatory overhaul of the United States health care system since the passage of Medicare and Medicaid in 1965. Here are some key facts relating to the new law and the U.S. health care system.
Vincent Smith
BOOK LAUNCH
Agricultural Policy in Disarray: Reforming the Farm Bill
Co-Hosted by IFPRI and American Enterprise Institute
DEC 12, 2018 - 12:15 PM TO 01:45 PM EST
Barry K. Goodwin
BOOK LAUNCH
Agricultural Policy in Disarray: Reforming the Farm Bill
Co-Hosted by IFPRI and American Enterprise Institute
DEC 12, 2018 - 12:15 PM TO 01:45 PM EST
Dr. Kolli Rao of Aon Benfield/IRICS presented on index-based crop insurance in India at the workshop on Mobilizing a CGIAR Agricultural Insurance Community in Washington, DC, 20-22 January 2014, hosted by the International Food Policy Research Institute and the CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS). Read more about CCAFS work on index-based weather insurance: http://bit.ly/Ll7Z7Z
The Affordable Care Act (a.k.a. ObamaCare) began March 21, 2010. It represents the most significant regulatory overhaul of the United States health care system since the passage of Medicare and Medicaid in 1965. Here are some key facts relating to the new law and the U.S. health care system.
Despite occasional ‘discovery pieces’ the biomedical literature in English has been almost entirely silent on the Cuban experience and US
government policy temporarily forbade publication of articles from Cuba by US journals or their foreign subsidiaries.
The unwillingness to take account of the Cuban experience, or to even view it as an alternative route through which some societies can move toward the universal goal of health promotion, represents an important oversight. The achievements in Cuba thereby pose a challenge to the authority of the biomedical community in countries that define the scientific agenda.
1) Discuss what seems to be the current posture of the Trump Administration and Republican Party leadership relative to expected health care policy changes.
2) Identify key distinctions between the Affordable Care Act (ACA aka ObamaCare) and the American Health Care Act (AHCA aka TrumpCare).
3) Recognize key strategies for future success regardless of changes to US healthcare policy and law.
Obamacare, Trump Care or no care? The debate about who pays to keep America healthy rages on with no end in sight. It might even become a huge talking point in the next presidential election, as some are pushing for Medicare-for-all coverage. Confused? I know I am. Here is the first of a series of summaries about US health care.
A quick description of American and Canadian Healthcare similarities and differences. I was born in Canada and raised in the US, so it was really interesting to me to know the differences between the two and compare to what I remember prior to becoming a US citizen.
50 US Health-Care Statistics that will Absolutely Astonish you !!Surgerica
The health care system in the United States is so broken that it probably cannot be repaired. The entire thing needs to be dismantled and completely reinvented..Have a look at the presentation and you will understand WHY. Research carried on by Mr. Amit Bhagat ,Co-Founder & CMO of MedicYatra & Kritika Beri, Intern @ MedicYatra, currently studying in SIMC
Abigail Claire Tilton discusses why federally funding CHIP, which provides healthcare to children from lower-income families, is investing in our future as a nation.
Despite occasional ‘discovery pieces’ the biomedical literature in English has been almost entirely silent on the Cuban experience and US
government policy temporarily forbade publication of articles from Cuba by US journals or their foreign subsidiaries.
The unwillingness to take account of the Cuban experience, or to even view it as an alternative route through which some societies can move toward the universal goal of health promotion, represents an important oversight. The achievements in Cuba thereby pose a challenge to the authority of the biomedical community in countries that define the scientific agenda.
1) Discuss what seems to be the current posture of the Trump Administration and Republican Party leadership relative to expected health care policy changes.
2) Identify key distinctions between the Affordable Care Act (ACA aka ObamaCare) and the American Health Care Act (AHCA aka TrumpCare).
3) Recognize key strategies for future success regardless of changes to US healthcare policy and law.
Obamacare, Trump Care or no care? The debate about who pays to keep America healthy rages on with no end in sight. It might even become a huge talking point in the next presidential election, as some are pushing for Medicare-for-all coverage. Confused? I know I am. Here is the first of a series of summaries about US health care.
A quick description of American and Canadian Healthcare similarities and differences. I was born in Canada and raised in the US, so it was really interesting to me to know the differences between the two and compare to what I remember prior to becoming a US citizen.
50 US Health-Care Statistics that will Absolutely Astonish you !!Surgerica
The health care system in the United States is so broken that it probably cannot be repaired. The entire thing needs to be dismantled and completely reinvented..Have a look at the presentation and you will understand WHY. Research carried on by Mr. Amit Bhagat ,Co-Founder & CMO of MedicYatra & Kritika Beri, Intern @ MedicYatra, currently studying in SIMC
Abigail Claire Tilton discusses why federally funding CHIP, which provides healthcare to children from lower-income families, is investing in our future as a nation.
This presentation contains forward-looking statements that reflect the current views of Deutsche Telekom management with respect to future events. These forward-looking statements include statements with regard to the expected development of revenue, earnings, profits from operations, depreciation and amortization, cash flows and personnel-related measures. You should consider them with caution. Such statements are subject to risks and uncertainties, most of which are difficult to predict and are generally beyond Deutsche Telekom’s control. Among the factors that might influence our ability to achieve our objectives are the progress of our workforce reduction initiative and other cost-saving measures, and the impact of other significant strategic, labor or business initiatives, including acquisitions, dispositions and business combinations, and our network upgrade and expansion initiatives. In addition, stronger than expected competition, technological change, legal proceedings and regulatory developments, among other factors, may have a material adverse effect on our costs and revenue development. Further, the economic downturn in our markets, and changes in interest and currency exchange rates, may also have an impact on our business development and the availability of financing on favorable conditions. Changes to our expectations concerning future cash flows may lead to impairment write downs of assets carried at historical cost, which may materially affect our results at the group and operating segment levels. If these or other risks and uncertainties materialize, or if the assumptions underlying any of these statements prove incorrect, our actual performance may materially differ from the performance expressed or implied by forward-looking statements. We can offer no assurance that our estimates or expectations will be achieved. Without prejudice to existing obligations under capital market law, we do not assume any obligation to update forward-looking statements to take new information or future events into account or otherwise.
In addition to figures prepared in accordance with IFRS, Deutsche Telekom also presents non-GAAP financial performance measures, including, among others, EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted EBIT, adjusted net income, free cash flow, gross debt and net debt. These non-GAAP measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with IFRS. Non-GAAP financial performance measures are not subject to IFRS or any other generally accepted accounting principles. Other companies may define these terms in different ways.
Chinese Tourist Facilitators, Interpreters & EscortsAnil G
The list includes 118 Chinese Tourist Facilitators, who were trained in Chinese language and tourist facilitation skills under Ministry of Tourism, Government of India at Indian Institute of Tourism and Travel Management (IITTM), Noida between 21 July - 20 October, 2014: Anil.G, +91-94900 69000
Overheads with excerpts from 2009 study by Chris Edwards of Cato Institute on Agricultural Subsidies. www.downsizinggovernment.org/agriculture/subsidies
This presentation contains forward-looking statements that reflect the current views of Deutsche Telekom management with respect to future events. These forward-looking statements include statements with regard to the expected development of revenue, earnings, profits from operations, depreciation and amortization, cash flows and personnel-related measures. You should consider them with caution. Such statements are subject to risks and uncertainties, most of which are difficult to predict and are generally beyond Deutsche Telekom’s control. Among the factors that might influence our ability to achieve our objectives are the progress of our workforce reduction initiative and other cost-saving measures, and the impact of other significant strategic, labor or business initiatives, including acquisitions, dispositions and business combinations, and our network upgrade and expansion initiatives. In addition, stronger than expected competition, technological change, legal proceedings and regulatory developments, among other factors, may have a material adverse effect on our costs and revenue development. Further, the economic downturn in our markets, and changes in interest and currency exchange rates, may also have an impact on our business development and the availability of financing on favorable conditions. Changes to our expectations concerning future cash flows may lead to impairment write downs of assets carried at historical cost, which may materially affect our results at the group and operating segment levels. If these or other risks and uncertainties materialize, or if the assumptions underlying any of these statements prove incorrect, our actual performance may materially differ from the performance expressed or implied by forward-looking statements. We can offer no assurance that our estimates or expectations will be achieved. Without prejudice to existing obligations under capital market law, we do not assume any obligation to update forward-looking statements to take new information or future events into account or otherwise.
In addition to figures prepared in accordance with IFRS, Deutsche Telekom also presents non-GAAP financial performance measures, including, among others, EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted EBIT, adjusted net income, free cash flow, gross debt and net debt. These non-GAAP measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with IFRS. Non-GAAP financial performance measures are not subject to IFRS or any other generally accepted accounting principles. Other companies may define these terms in different ways.
* Describe the factors leading to increased dependence on agricultural insurance
* Recognize the operational risks faced by farms due to falling prices and loss of insurance
* Explain the benefits of linking Farm Management System with crop insurance
* Identify the insurance selling opportunities
Written Statement of W. Scott Marlow: Subcommittee on Commodities and Risk Ma...RAFI-USA
Written Statement of W. Scott Marlow
Director of Farm Sustainability Program
The Rural Advancement Foundation International – USA
To the House Agriculture Committee Subcommittee on Commodities and Risk Management Hearing
May 14, 2007
The U.S. government subsidizes flood insurance because those who wan.pdfseasonsnu
The U.S. government subsidizes flood insurance because those who want to buy it live in the
flood plain and cannot get it at reasonable rates. What inefficiency does this create
Solution
As Hurricane Sandy continues to batter the Eastern seaboard of the U.S., one thing is for certain:
insurance companies will be ponying up for billions of dollars in property damage caused by
high winds. Last year’s Hurricane Irene cost insurance providers more than $4 billion in damage
claims, with flood-insurance payments totaling nearly $1.3 billion.
But what many Americans may not know is that this $1.3 billion was a bill footed by the federal
government, which underwrites the vast majority of flood insurance across the nation.
Historically, insurance companies have been wary of offering flood insurance to homeowners
because the risks associated with flood insurance are difficult to forecast, so any private
insurance that had been offered was prohibitively expensive for average homeowners.
But in the 1960s, frequent flooding of the Mississippi River was driving up the costs of federal
disaster-relief programs. In an effort to reduce these costs,Congress set up the National Flood
Insurance Program (NFIP) to provide flood insurance to the general public and promote effective
floodplain management. Under the program, homeowners in certain areas of the U.S. are
required to buy flood insurance, and communities that hope to benefit from the program have to
enforce city-planning regulations set out by FEMA, which manages NFIP.
(MORE: Banks Waive Fees for Residents in Path of Hurricane Sandy)
Though the program has been effective at making flood insurance widely available, a growing
chorus of critics from environmentalists to libertarians has been attacking it for encouraging
homeowners to build recklessly in areas that are prone to flooding. For instance, Ira Stoll wrote
yesterday in the New York Sun:
“Hurricane casualties are partly the result of unintended consequences of government actions:
without federal flood insurance, many fewer people would take the risk of living in low-lying
areas vulnerable to storm surges.”
There is evidence to support the view that the government is actually encouraging citizens to live
in areas most in danger of flood damage. According to a 2010 report issued by the Institute for
Policy Integrity, Congress has historically set the premium rate too low for flood insurance —
effectively subsidizing building in flood-prone areas at the expense of taxpayers at large. This
practice has helped drive the fund $19 billion in debt, caused mostly by the unusually severe
damage caused by Hurricane Katrina.
In addition, the report argued that the environmental effects of the federal government’s flood-
insurance policy may be more severe than the financial effects. According to the report:
“River basins and coastal zones provide natural purification of water and wastewater; erosion
control and weather mitigation; and habitat for fish and wildl.
The 2012 U.S. Farm Bill: History, Problems and Opportunities for Reform. Overheads from two publications on current agricultural policy, and opportunities for reform.
After completing this module, you will:
- Describe the farm structure of US Production
- Explain how US farms operate under federal and state frameworks to combat falling prices
- Explain the concept of Farm Management Systems
- Recognize the scope of technology adoption by farms
Written Statement of W. Scott Marlow: Subcommittee on Commodities and Risk Ma...RAFI-USA
Written Statement of W. Scott Marlow
Director of Farm Sustainability Program
The Rural Advancement Foundation International – USA
To the House Agriculture Committee
Subcommittee on Commodities and Risk Management Hearing
May 14, 2007
AheadRace eLearning Module # 04 - New Regulations and Issues in US AgricultureSatyavardhan Reddy
* Factors driving regulatory developments in the U.S. Agriculture Sector
* Explaining the need for marketing, price, and income support and trade management
* Recognize the obstacles of regulatory reform
* Explaining the impact of budget pressures on reforms
Powerpoint presentation on the 2012 Farm Bill process and agricultural policy and market conditions influencing the legislation. Presented at multiple events throughout Missouri in April and May 2011.
Government run crop yield insurance scheme, procurement at minimum support prices and calamity relief funds are the major instruments being used to protect the Indian farmer from agricultural variability. However, crop insurance covers only about 10% of sown area and suffers from an adverse claims to premium. There are problems with both the design and delivery of crop insurance schemes. These problems could be overcome with rainfall insurance with a well developed rainfall measurement infrastructure. Private and public insurers are currently experimenting with rainfall insurance products. Given the current levels of yield and rainfall variability the actuarially fair premium rates are likely to be high and in many cases unattractive or unaffordable. Instead of adopting the easy and unsustainable route of large subsidies, in the long term the government should consider risk mitigation through improvements in the irrigation and water management infrastructure.
2014 Farm Bill OverviewA new farm law, the Agricultura.docxvickeryr87
2014 Farm Bill Overview
A new farm law, the Agricultural Act of 2014 (2014 Farm Act), was signed on February 7, 2014, and will remain in force through 2018—and in the case of some provisions, beyond 2018.
The 2014 Farm Act makes major changes in commodity programs, adds new crop insurance options, streamlines conservation programs, modifies some provisions of the Supplemental Nutrition Assistance Program (SNAP), and expands programs for specialty crops, organic farmers, bioenergy, rural development, and beginning farmers and ranchers.
I. Commodity Programs
Repeals Direct Payments, Countercyclical Payments, and the Average Crop Revenue Election (ACRE) program.
Creates two new programs—Price Loss Coverage (PLC) and Agriculture Risk Coverage (ARC). Producers of covered commodities can choose to enroll in one of the two programs.
Upland cotton producers are not eligible for PLC or ARC, but they are eligible for a new crop insurance product under Title XI—the Stacked Income Protection Plan (STAX). Cotton producers will receive transition payments while new STAX policies are implemented (see Crop Insurance Overview for further details).
Revises payment limitations and adjusted gross income eligibility rules.
Continues the marketing assistance loan program unchanged, except for an adjustment in the loan rate for upland cotton.
Continues the sugar program unchanged
Price Loss Coverage
Payments are provided to producers with base acres of wheat, feed grains, rice, oilseeds, peanuts, and pulses (covered commodities) on a commodity-by-commodity basis when market prices fall below the reference price.
The payment rate is the difference between the reference price and the annual national-average market price (or marketing assistance loan rate, if higher). For each covered commodity enrolled on the farm, the payment amount is the payment rate, times 85 percent of base acres of the commodity, times payment yield.
PLC Reference Prices
Agriculture Risk Coverage (ARC)
Producers may choose county-based or individual coverage. For producers choosing county-based ARC, payments are provided to producers with base acres of covered commodities on a commodity-by-commodity basis when county crop revenue (actual average county yield times national farm price) drops below 86 percent of the county benchmark revenue (5-year Olympic average county yield times 5-year Olympic average of national price or the reference price—whichever is higher for each year), calculated separately for irrigated and non-irrigated crops.
Payment Limitations
Payments are limited to $125,000 for each individual actively engaged in farming, without specific limits for individual programs.
A spouse may receive an additional $125,000. The limitation is applied to the total of payments for covered commodities from the PLC and ARC programs, and marketing loan gains and loan deficiency payments under the marketing assistance loan program
Adjusted Gross Income Limitation
Th.
University of Minnesota, Colloquium in Sustainable Agriculture:
presentation on federal Farm Bill policy. Commodity, conservation, and risk management programs--including CFAP and MFP--in context of current conditions affecting agriculture.
2. o 2000 - The Agricultural Risk Protection Act enacted increased farmer
participation through increased premium subsidies; provided for
private sector development of insurance policies
o 2007 - Farm Bill - crop insurance used to pay for other programs
o 2012-13 - Crop insurance at the center of Farm Bill proposals.
The crop insurance program is administered by the Risk Management Agency
(RMA) of the U.S. Department of Agriculture (USDA), and a nine-member Federal
Crop Insurance Corporation (FCIC) Board of Directors of USDA, farm, and
regulatory and state insurance personnel that review/approve policies. The
Standard Reinsurance Agreement (SRA) is the financial and regulatory link
between USDA and 17 private Insurers and more than 12,000 Insurance agents, in
a unique federal-private partnership.
RMA renegotiated the SRA in 2005 and 2011, which together with the 2007 Farm
Bill obtained approximately $16 billion in savings over time through reduced
underwriting gains for the insurers and administrative and operating
reimbursements that are an inducement to companies' participation in the program.
Yet because of widespread use among farmers and increases in commodity prices,
program costs continue to grow (See Table 2). The private sector's role remains
essential as it enables non-government funds and resources, i.e., reinsurance, to
provide a backstop and stability, helping the U.S. program remain the largest and
most innovative. One key product that originated from the private sector was
revenue insurance, which ties liability to the commodity exchanges and tracks true
market value of a farmer's crop or commodity. This was a particularly useful
insurance tool in 2012 during the severe drought. The Harvest Price Option
provides upside protection from the expected insurance price calculation in Spring
to the higher price in Fall because of the low production and increased commodity
prices for corn and soybeans last year.
3. Spain, Canada, and Japan also have well established, strong programs, while
China’s program has grown significantly. In India, there is widespread subsistence
farming which lends itself to an index program, and in Europe there are budgetary
pressures possibly more severe than in the U.S. Countries there want the
European Union (EU) to pay for crop insurance program enhancements, while the
EU wants individual countries to pay. In nearly all these countries there is demand
for revenue products, but they either lack an exchange or the resources to develop
a non-exchange revenue program such as what the U.S. is piloting for cherries,
strawberries, and navel oranges.
At its most basic level, U.S. federal crop insurance serves rural communities by
enabling farmers to obtain yearly operating loans—a prerequisite before banks will
issue loans. Large or small farms can ensure up to 90 percent on some policies
and as low as 27.5 percent, based on a limited catastrophic coverage level. The
latter is used with specialty crops where weather conditions may provide more
certainty or regions where natural causes of loss, an underpinning of the program,
are infrequent. Some producers of major crops may prefer it to hold down their
costs and take the risk of a large loss with this limited coverage level. To address
affordability, the Federal Crop Insurance Corporation may waive collection of
administrative fees from limited resource farmers.
In the recent Farm Bill debate, both the U.S. Senate and House want to move
current farm programs towards "insurance-centered" policies to cover revenue
losses not covered by crop insurance, while reducing overall costs for farm
programs and contributing to deficit reduction. Progress on a new Farm Bill in 2013
is uncertain because of shifting congressional priorities and uncertainty over federal
spending. Yet, U.S. farm programs account for less than 1/4 of one percent of all
federal spending.