Harkin: Crop insurance companies not getting reimbursements
October 04, 2013 | 04:28 PM
Crop insurance companies are not getting reimbursements from the Agriculture Department’s Risk Management Agency during the shutdown, Sen. Tom Harkin, D-Iowa, told Agriculture.com.
While crop insurance companies may be affected by the federal government shutdown, farmers have contracts with those private companies and aren't likely to be affected, since insurers are contractually bound.
In a telephone press conference, Harkin said Thursday that insurance companies are affected by the closing of USDA’s Risk Management Agency.
“All local insurance companies in Iowa that are writing crop insurance, reimbursements to them are on hold right now,” Harkin told Agriculture.com.
While crop insurance companies may be affected by the federal government shutdown, farmers have contracts with those private companies and aren't likely to be affected, since insurers are contractually bound.
In a telephone press conference, Harkin said Thursday that insurance companies are affected by the closing of USDA’s Risk Management Agency.
“All local insurance companies in Iowa that are writing crop insurance, reimbursements to them are on hold right now,” Harkin told Agriculture.com.
