Farmers: Federal Agencies Liable For Loss Of Revenue Protection For Crop Insurance

Mealey's (April 25, 2019, 1:33 PM EDT) -- DETROIT — A putative class of dry bean farmers argues to a Michigan federal court in an April 22 response that crop insurers and the federal agencies that reinsure them are liable to them for loss of revenue protection in 2015 because the federal agencies failed to use the actual market price as the harvest price to provide revenue protection under a dry bean revenue endorsement (DBRE) (Gregory Ackerman, et al. v. U.S. Department of Agriculture, et al., No. 17-11779, E.D. Mich.)....