Crop Insurance Today Second Quarter 2019 - 1

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Is the Sum of
the Parts Greater

Than the Whole?
Tom Zacharias, NCIS President

I think we'll find
there are a lot of
"moving parts" in crop
insurance, which "Sum"
up to a "whole" lot of
effort to support
America's farmers
and ranchers.

As this edition of TODAY® goes to press, readers might wonder why we are not discussing the
current flooding and excess moisture conditions
in the Midwest, as well as the various agricultural
disaster packages that are being finalized. Quite
frankly, until we know more about how weather
conditions will play out and how the various disaster packages will be implemented, it would be
premature to go too far down this trail.
So as we roll up our sleeves and prepare for
what would appear to be a long and arduous
claims season, in combination with a struggling
farm economy and an uncertain policy environment, let's look back over our shoulder for a
few minutes and consider some of the "behindthe-scenes" work that goes on each spring within our industry and NCIS. In taking this "look
back" I think we'll find there are a lot of "moving
parts" in crop insurance, which "Sum" up to a
"whole" lot of effort to support America's farmers
and ranchers.

The Sum

In reflecting on the efforts of our industry,
I am struck by the scale of the business and the
many facets of crop insurance that must be dealt
with every day. In terms of scale (or the sum),
crop insurance provides coverage on well over
300 million eligible acres in the United States.

The insured value of crops and livestock covered
by federal crop insurance is in excess of $100
billion annually. If one includes the state regulated Crop-Hail business, the total insured value
is around $130 billion. There are many different types of policies on more than 100 different
crops. Crop insurance is available in virtually every agricultural county in the country.

The Parts

Each Spring, NCIS' member-based Standing
Committees are busy working on essentially every aspect of the crop insurance business. The
NCIS Standing Committee structure, along with
our Regional/State Committees, are the essence
of our association's efforts focusing on the current issues facing our industry and the business
processes required to support our efforts.
First and foremost, NCIS is a membership-based organization. We are a 501 (c)6
trade association representing those companies
writing primary crop insurance coverage in the
United States, as well as companies writing CropHail coverage in the prairie provinces of Canada.
NCIS is governed by a Board of Directors consisting of senior leaders of member companies.
We offer a wide array of services to our members.
NCIS efforts in relation to crop insurance
program development and implementation are
Continued on page 42

CROPINSURANCE TODAY®

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Crop Insurance Today Second Quarter 2019

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Crop Insurance Today Second Quarter 2019 - Cover3
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https://www.nxtbook.com/allen/cint/54-1
https://www.nxtbook.com/allen/cint/53-4
https://www.nxtbook.com/allen/cint/53-03
https://www.nxtbook.com/allen/cint/53-02
https://www.nxtbook.com/allen/cint/53-01
https://www.nxtbook.com/allen/cint/52-04
https://www.nxtbook.com/allen/cint/52-03
https://www.nxtbook.com/allen/cint/52-02
https://www.nxtbook.com/allen/cint/52-01
http://www.brightcopy.net/allen/cint/51-04
http://www.brightcopy.net/allen/cint/51-03
http://www.brightcopy.net/allen/cint/51-02
http://www.brightcopy.net/allen/cint/51-01
http://www.brightcopy.net/allen/cint/50-04
http://www.brightcopy.net/allen/cint/50-3
http://www.brightcopy.net/allen/cint/50-2
http://www.brightcopy.net/allen/cint/50-1
http://www.brightcopy.net/allen/cint/49-4
http://www.brightcopy.net/allen/cint/49-3
http://www.brightcopy.net/allen/cint/may2016
http://www.brightcopy.net/allen/cint/february2016
http://www.brightcopy.net/allen/cint/november2015
http://www.brightcopy.net/allen/cint/september2015
https://www.nxtbook.com/allen/cint/may2015
https://www.nxtbook.com/allen/cint/february2015
https://www.nxtbook.com/allen/cint/november2014
https://www.nxtbook.com/allen/cint/september2014
https://www.nxtbook.com/allen/cint/may2014
https://www.nxtbook.com/allen/cint/february2014
https://www.nxtbook.com/allen/cint/november2013
https://www.nxtbook.com/allen/cint/august2013
https://www.nxtbook.com/allen/cint/may2013
https://www.nxtbook.com/allen/cint/february2013
https://www.nxtbook.com/allen/cint/november2012
https://www.nxtbook.com/allen/cint/august2012
https://www.nxtbook.com/allen/cint/may2012
https://www.nxtbook.com/allen/cint/february2012
https://www.nxtbook.com/allen/cint/44-4
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