Search Site   
News Stories at a Glance
Controlled breeding, calving season can improve efficiency
Alto Ingredients hosts facility tour  and discusses year round E15
Horses on the Hill brings therapy, beauty to Cincinnati neighborhood
Farmers should weigh benefits of cover crops with cost, yield
Antique Cretors popcorn wagon still popping after 100 years
Kentucky farmer plants his entire crop using autonomous equipment
Indiana and Tennessee taking steps to prevent spread of NWS
Roadside Stand Trail does better than organizers expected
NWS confirmed in the U.S., Rollins says sterile flies are the answer
Replanting is happening in some areas due to wet weather
Ground broken for $2 million Peoria Farm Bureau building
   
Archive
Search Archive  
   
Crop insurance company answers views in a recent Pennings column
After reading the June 20 Policy Pennings article, Moral hazard may inhibit crop insurance system, (Farm World, page 4) we felt it necessary to respond because it attempts to portray all farmers as trying to game the system for financial gain.

While bad examples can be found in all industries, our experience over 10-plus years working with hundreds of crop insurance customers in no way supports the examples used in this article.
First, the system has policies, procedures, audits and penalties (i.e. federal prison) that discourages these incidents, but most importantly the vast majority of farmers have a sense of fair play and honesty. For the article to suggest otherwise is just offensive to those of us who respect and cherish the farmer clients we work with every day.

We suspect the only moral hazards here are the authors who are only interested in highlighting obscure or unfounded examples that support their political view of the crop insurance system.

Ron Hassler                   Gerald Nickel
Crop Insurance Manager   President
Midwest Ag Finance          Midwest Ag Finance
7/5/2012