CBAI Urges Support for Crop Insurance in the Senate Farm Bill

The Community Bankers Association of Illinois (CBAI) joined with 693 state and national organizations in signing a letter to the U.S. Senate urging support for crop insurance in its version of the Farm Bill. The letter highlighted crop insurance as a critically important risk-management tool for farmers, ranchers and the lenders that finance their operations. The letter urges lawmakers to oppose harmful amendments to the Bill that would reduce or limit participation in crop insurance, make insurance more expensive in times of economic downturn, and harm private-sector delivery. Read Comment Letter.

CBAI signed a similar letter to the United States House of Representatives on May 16th in which 417 state and national organizations urged support for crop insurance in the Agricultural and Nutrition Act of 2018 - H.R. 2. CBAI has been actively engaged in the development of a robust Farm Bill. In a July 31, 2017 letter to the Illinois members of the U. S. House Agriculture Committee, CBAI urged the adoption of a new multi-year farm bill which incorporates several broad principles to prevent a future farm-credit crisis and enable producers and lenders to engage in sound planning and business decision-making. The number one principle stated in that letter was “providing producers ample funds for commodities, crop insurance and credit programs to help them weather a potential farm income or farm credit crisis.” Read Letters to Illinois Ag Committee Members.

CBAI will continue to advocate for a robust Farm Bill for the protection of Illinois community-bank lenders and producers alike.