Waide: Farmers need more protection
JACKSON — Mississippi Farm Bureau Federation president David Waide told members of the House Agriculture Committee that current crop insurance products available in the southeast do not provide farmers with adequate risk protection.
Waide was one of nine presenters to tell the legislators from Washington, D.C., about issues that must be addressed by the agricultural community as it prepares to write a very important piece of legislation — the 2012 Farm Bill.
“Crop insurance should be available to provide producers of all crops with options for various insurance products that accurately reflect individual risk considerations,” Waide said. “A producer’s only option when insurance coverage products are not available is to enroll in the Noninsured Crop Disaster Assistance Program (NAP).”
This program can only provide limited financial assistance to producers when a natural disaster occurs.
“No insurance products are available for sweet potatoes, watermelons, tomatoes, sweet corn, rye grass and many others, all of which significantly contribute to the wonderful diversity of Mississippi agriculture,” said Waide.
He added, “Many of our farmers are going bankrupt, but they don’t want a handout or a bailout. They do need a little help in the form of risk management products that can keep their operations viable through a bad crop cycle.”
Another topic brought up by the committee was the issue of farming in today’s credit crisis. Waide said that tightening credit markets would have a lasting impact on farming in Mississippi.
“Our farmers can’t put a crop in the ground with the bank charging him 20 percent interest on his crop loan,” he said.
![[RSS Feed]](http://i2.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[del.icio.us]](http://i0.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/delicious.png)
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Waide: Farmers need more protection”
POST A COMMENT
Top Posts & Pages
- School superintendent terminated after party funds, travel questions
- Accounting firm finds problems at troubled MDMR
- Hosemann recruiting Realtors to market tax-forfeited property
- Airline announces new service at Oxford
- Davis resigns, turning over mayor's office early
- Woman indicted for Medicaid fraud; faces up to 35 years in prison
- Telepak strikes another branding deal with C Spire
- Report: State's teacher education programs 'mediocre at best'
- C Spire launches new WiFi On app for Android-powered phones
May 19th, 2010 at 10:14 am
[...] Mississippi Business Journal » Blog Archive Alliance Tire is keeping up with 2012 Farm Bill discuss… msbusiness.com/blog/2010/05/waide-farmers-need-more-protection – view page – cached Tweets about this link Topsy.Data.Twitter.User['alliancetire'] = {“photo”:”http://a1.twimg.com/profile_images/744797202/images_normal.jpeg”,”url”:”http://twitter.com/alliancetire”,”nick”:”alliancetire”}; alliancetire: “Mississippi Business Journal » Blog Archive http://ow.ly/1N9P9 Alliance Tire is keeping up with 2012 Farm Bill discussions ” 14 minutes ago view tweet retweet Filter tweets [...]