High Plains Public Radio

Federal Crop Insurance Program

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Crop insurance has come under fire in some quarters over the past few months. While this subsidized federal program remains very popular among many farmers, others have complained that the program helps mega-farmers outbid beginning, and small farmers on land. Others insist that the program forces land values to rise in an unfair way.

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Support for crop insurance programs is nearly unanimous among farmers, reports The High Plains and Midwest Ag Journal. These same farmers also oppose any legislative attempts to undermine the risk management tool.

Quentin Hope

  At $200 per acre, Trego County, KS topped the list of High Plains counties in per acre crop insurance payments in 2012.  Other top counties were Wallace County, KS at $157 per acre and Rawlins County, KS at $127 per acre.  All three are in Northwest Kansas.  At the bottom is the list was Hemphill County, TX in the northeast corner of the Panhandle with just $1 per acre on only 13,400 planted acres.

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Farmers across the country received a record breaking 17.3 billion dollars in federal crop insurance payouts after last year’s drought.  While the payments were critical for the financial well-being of farmers, the National Resources Defense Council has issued a report critical of the structure of the Federal Crop Insurance Program (FCIP).