Risk management and crop insurance

James L White

American Bankers Association, 1998, vol. 11, issue 2

Abstract: Comments delivered in testimony to the Subcommittee on Risk Management of the House Committee of Agriculture on November 5, 1997, by James L. White, president of Norwest Bank Huron (South Dakota) are presented. With the changes in farm support programs authorized by the 1996 Farm Bill, farmers will become more dependent on specialized information and advice than ever before. Increasingly, farmers will be looking to their bankers, professional risk managers, farm managers, and market managers to help guide them through the new era of freedom to farm. American's bankers know that dependable crop insurance can, and frequently does, mean that bankers are able to approve operating loans and other types of credit for farmers struggling to stay ahead of high-risk situations, volatile weather, and challenging agricultural markets.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 1998
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