This Thursday as you gather around the Thanksgiving table with your family and friends, we hope you pause for a moment to give thanks for America’s farmers and ranchers.
Our farmers work long hours all year long to make the Thanksgiving bounty we enjoy possible.
And farmers are thankful for the Federal crop insurance program.
Crop insurance protects the corn and peas on your table, sweet potatoes in the casserole, pecans and sugar in the pie, even the cranberries in the sauce. The farmer who raised the centerpiece turkey may have protected the land that bird foraged with crop insurance, too.
In total, more than 100 crops are covered by the Federal crop insurance program.
More than one million crop insurance policies protect 90 percent of farmland, providing a dependable risk management tool for farmers of all sizes and many of the foods found at your table, no matter your Thanksgiving tradition.
Producing these crops carries with them a huge amount of risk. Especially in years like these, where weather made planting difficult and harvest impossible for some farmers. Some farmers may not survive what has been an exceptionally tough year. But many others will be able to plant again next spring, thanks to the safety net provided by crop insurance.
Farmers are grateful the Federal crop insurance program gives them an opportunity to invest in their own protection. Farmers and ranchers are required to help fund the crop insurance program, spending $3.5 – 4 billion annually on premiums alone and shouldering billions more in deductible losses.
But crop insurance gives farmers a fighting chance against unpredictable dangers that could jeopardize an entire farm’s future in a moment.
And since it’s run in partnership with the private-sector, farmers do not fear having aid held up by a slow political process. They receive aid in weeks – not years – for their verified losses.
So, as we enter into this season of gratitude, take a moment to celebrate the hard work and dedication that goes into producing America’s food.