A new white paper from North Dakota State University’s Agricultural Risk Policy Center reviews more than a decade of interest deferral practices in the Federal Crop Insurance Program (FCIP), revealing both critical benefits for farmers and significant costs to taxpayers.
Authored by Francis Tsiboe and Sandro Steinbach, the study, “When Disaster Strikes the Billing Date: A Scoping Review of Crop Insurance Interest Deferrals,” documents how the Federal Crop Insurance Corporation (FCIC) has routinely waived interest on unpaid premiums in years marked by severe weather or national emergencies.
Source : ndsu.edu