Farm Credit supports the continued delivery of crop insurance as a vital part of the farm safety net. By protecting farmers and ranchers from financial losses caused by natural disasters, the federal crop insurance program maintains the affordability of our food supply. Furthermore, it allows lenders to better finance agriculture producers, particularly young and beginning farmers and ranchers who typically have less collateral and equity. Ultimately, strong crop insurance policies ensure the strength of rural communities and American agriculture.
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Every five years, Congress passes a bundle of legislation, commonly called the “Farm Bill” that sets national agriculture, nutrition, conservation, and forestry policy. Given the trend in recent years of lower prices for commodities and declining farmer net income, it is critical for policy makers to maintain a strong farm policy that includes critical programs like crop insurance. Farm Credit will participate in conversations surrounding the 2018 Farm Bill and will advocate for legislation that benefits rural communities and agriculture.
Farm Credit by the Numbers
Number of Loans at Dec. 31, 2016
Farm Credit Customers Nationwide
- $253 Billion
Total Loan Volume at Dec. 31, 2016
- $12.2 billion
New Loans to Small Farmers and Ranchers in 2014