Crop Insurance Today May 2013 - (Page 1)
“Just the Facts, Ma’am,
Just the Facts”
Laurie Langstraat, Editor
TODAY IS PROVIDED AS A SERVICE OF
NATIONAL CROP INSURANCE SERVICES®
TO EDUCATE READERS ABOUT THE RISK
MANAGEMENT TOOLS PRODUCERS USE
TO PROTECT THEMSELVES FROM
THE RISKS ASSOCIATED WITH
TODAY is published quarterly–February, May,
August, and November by
National Crop Insurance Services
8900 Indian Creek Parkway, Suite 600
Overland Park, Kansas 66210
If you move, or if your address is incorrect,
please send old address label clipped from recent issue
along with your new or corrected address to
Laurie Langstraat, Editor, at the above address.
NCIS® EXECUTIVE COMMITTEE
Tim Weber, Chairman
Mike Day, Vice Chairman
Jim Korin, Second Vice Chairman
Thomas P. Zacharias, President
Charles Lee, General Counsel
James M. Crist, CFO/COO
Frank Schnapp, Senior Vice President
Mike Sieben, Senior Vice President
Creative Layout and Design
by Graphic Arts of Topeka, Inc., Kansas
Printed on recycled paper.
Many of us may recall the television series “Dragnet” about the cases of a dedicated Los Angeles police
detective, Sergeant Joe Friday, and his partners. While
“Just the facts, ma’am” has come to be known as Dragnet’s catchphrase, Wikipedia tells us that Sargent Friday
never actually said those words. The closest lines were
“All we want are the facts, ma’am” and “All we know are
the facts, ma’am.”
Well, where is this taking us?
As important as the facts were to Sergeant Friday in
fighting crime, it is important that the Crop Insurance
Industry provide a source of factual information to help
better educate the public and body politic regarding
crop insurance and its role in the agricultural safety net
and the ongoing Farm Bill debate.
Tom Zacharias, NCIS President
To that end, NCIS recently released a detailed question-and-answer resource entitled “Crop Insurance: Just
the Facts” (JTF) that lays out the facts about crop insurance and dispels some of the most common
arguments critics make against the program. When it comes to why crop insurance is the risk management tool of the future, there is a great deal of misinformation and misrepresentation about the
program. “JTF” is a vehicle that provides a balanced and reasoned perspective about the crop insurance industry.
JTF is housed in a new tab on the Crop Insurance Keeps America Growing website page “About
Crop Insurance.” It is continuously updated with new data or new questions and answers. JTF is a convenient and accurate resource for industry, farmers and consumers.
Each question has a two-to-three paragraph answer and contains live hyperlinks to other resources and supporting materials if the reader would like to learn more about that particular topic.
The resources include articles that have been printed in the Crop Insurance TODAY® publication or
academic journals, farmer case studies and farmer testimonials, government websites, newspaper
stories as well as other sources.
The series covers important topics such as how crop insurance benefits the public, economics of
the industry, the globalization of risk management, the benefits of crop insurance to producers, and
other important topics and issues of interest to those of us involved in the crop insurance industry.
Here are just a few examples of what you can find in “Just the Facts:”
1) How does crop insurance benefit the public?
It is in the public interest to have a secure food supply and financially stable agriculture. There
is a public benefit to a stable and secure rural economy and food production sector. That requires
the presence of some form of publicly-funded safety net for farmers, who increasingly face variable weather patterns that challenge the food production system. The need for sound crop insurance is most easily demonstrated by the three-year drought, which began in 2011 and is
extending into 2013.
Crop insurance is the primary risk management tool farmers use to financially recover
from natural disasters and volatile market fluctuations; pay their banks, fertilizer suppliers,
Continued on page 32
Table of Contents for the Digital Edition of Crop Insurance Today May 2013
2012 Year in Review
2013 Annual Convention Great Success!
Max Erickson Awarded Outstanding Service Award
Larry Heitman Pesented Leadership Award
Leadership of NCIS Regional/State Crop Insurance Committees
How Do Farmers Manage Risk When It Comes in So Many Forms?
Step 9-Monitoring and Controlling the Farm Business Q: How do I monitor progress over time?
Three Industry Stalwarts Presented Lifetime Achievement Awards
Crop Insurance Plan Comparison
Crop Insurance Today May 2013