President
CurrentProcessing cucumbers: Farm level insurance productThe processing cucumber insurance product was developed at the request of a farmer. The program is now available in Texas, Illinois, Indiana, Michigan, Maryland, Delaware and North Carolina.Camelina: Farm level insurance productThis crop insurance product protects the emerging aviation biofuel industry from yield shortfalls.Sweet Potatoes: Farm level insurance productThe sweet potato program began in 2011. It protects the industry from yield shortfalls and problems with product quality.Fresh Market Beans: Farm level insurance productThe insurance program has been well received. Growers elected buy up coverage at a rate of 2:1. The program is offered in three states: NC, VA & NY. CIS is responding to expansion requests.Oysters: Indexed ProductApproximately 50% of the market purchased insurance in the first two years of the program. Most policies were at higher coverage levels. The Deepwater Horizon incident caused a suspension of the program. Sugarcane: IndexAt the request of the Louisiana Farm Bureau Federation and The American Sugar Cane League, CIS developed an index program to fill perceived weaknesses in the individual insurance program. Sugarcane: Farm level insurance productIn developing the sugarcane index program, CIS discovered anomalies in insurance rates. CIS recommended lower premium rates based upon risk. A reviewer concurred and RMA cut premiums 46%.Certified Wheat Seed: Additional PriceThe certified wheat seed price endorsement is a wheat policy endorsement that will allow growers to insure their crop at a higher price. The product is currently caught in a disagreement regarding the Paperwork Reduction Act between RMA and OMB. Combined Coverage AdvantageAn analysis suggested the proposed insurance program was superior to the current APH program and encouraged development. Regardless, the FCIC Board of Directors did not fund development of this inovative product.