January 19, 2020

Crop Insurance; Budget; Climate Issues; Sec. Vilsack on Rural America; Ag Economy; Trade; CFTC Issues; and Political Notes

Crop Insurance: The Standard Reinsurance Agreement

On Friday January 29, spoke with former USDA Chief Economist Keith Collins and Bob Parkerson, the president of National Crop Insurance Services about the federal crop insurance program. Specifically, the conversation focused on the current renegotiation of the Standard Reinsurance Agreement (SRA) that is underway between the crop industry and the USDA’s Risk Management Agency (RMA).

RMA released its initial SRA draft proposal in early December, while the industry submitted its counter draft proposal earlier this month.