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IFB Action Request: Protect Crop Insurance!

Farmers urged to call your Congressman and both U.S. Senators to tell them you strongly oppose the provision in the proposed budget deal that would weaken crop insurance. Urge them to strip Section 201 from the budget deal.

  • Senator Mark Kirk: 202-224-2854
  • Senator Dick Durbin: 202-224-2152
  • Congressional Switchboard: 202-224-3121

or Click here to go to the Legislative Action Center

Background:

Budget Deal

The proposed bill would increase spending limits for two years, $50 billion for fiscal year (FY) 2016 and $30 billion for FY 2017 and equally divided between defense and non-defense programs. The bill is deficit neutral because the increase in spending is offset by cuts and changes to mandatory programs, including crop insurance.

Impact on Crop Insurance

Section 201 of the bill takes $3 billion from the private sector delivery system by capping a rate of return at 8.9 percent. The cap authorized in the Farm Bill is at 14 percent. The language also requires a new Standard Reinsurance Agreement by the end of 2016.

This drastic change in return could drive companies out of crop insurance.

Farm Bureau opposes this language and opposes any language that reopens the Farm Bill.

For more information, click here to listen to a message from Illinois Farm Bureau President Richard Geubert, Jr. about the issue.

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