Support among farmers for the Affirm Act in the U.S. 2016

Do you support or oppose the Affirm Act?

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Source

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Release date

February 2016

Region

United States

Survey time period

February 2016

Special properties

1,305 farmers, growing 20 different crops in 26 states and who are customers of CIPA

Method of interview

Email survey

Supplementary notes

The source adds the following information: "some lawmakers recently introduced a bill in Congress, called the AFFIRM Act. The AFFIRM Act would:
• Impose a $250,000 adjusted gross income test on crop insurance. Producers with an AGI of $250,000 or more would be denied federal premium support for crop insurance, increasing premiums by as much as 67 percent. If low risk acreage is excluded from Crop Insurance, premium rates for all producers on acreage covered will increase.
• Impose a $40,000 payment limitation on crop insurance. Producers would be prohibited from receiving premium support above this level, resulting in uncovered acreage. If low risk acreage is excluded from Crop Insurance, premium rates for all producers on acreage covered will increase.
• Require public disclosure of all the information you supply us when purchasing crop insurance. This information could then be obtained by groups like the Environmental Working Group and posted to their websites.
• Eliminate premium support for policies with a Harvest Price Option (HPO). When a loss occurs and an indemnity is to be paid, HPO indemnifies the producer at the replacement cost of the lost crop so producers that forward price may deliver on their contracts. Under the bill, farmers would either need to decline HPO coverage or see their premiums rise to cover the full cost.
• Make deep cuts to private sector delivery, affecting agents, loss adjusters, and company staff handling your policy. Due to prior cuts to private sector delivery and natural disasters, average company earnings over the past 4 years are in the red."

*This question was phrased by the source as follows: "based on the information provided above, do you support or oppose the AFFIRM Act bill?"

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