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Show Crop Insurance Program For 1940 Offers Added Attractions To Farmers Changes ntade in the 19i0 AAA program er.iake it easier for the fanner to secure insurance on his wheat crop, according to Marvin M. Hatch, member of the state AAA cclr.(.r.dtfcee. These changes .have i-also s;m lified the program's ad-minioitration ad-minioitration and made it more economical to operate. r:One of the greatest Improvements Improve-ments on the program is an almend-..r.ent almend-..r.ent to the AAA act that makes it rJ.iosible fcr a farmer to pay his premium from advances, issused for ij .at purpose, against future pay- r.lents he may earn under the AAA .progaam. Since no cash' is required, it is a great deal - easier for tihe vvheat grower to insure his crop for 1940," says Mr. Hatch. Another feature of the 1940 program, prog-ram, is the extension of the period on w. ioli the yield and loss data are b.sed. Inpast programs farmers used the years 1930 through 1935 as thoir base for computing these data. Under thenew plan the years um, laoi, and 1938 will be added Ajhich gives an additional three years, in whieu good crops were raised, upon which to build the data.. This nine year period Mended with a 13-year base for toe county in ulhch the farm is located, will tend to equalize the effects of unusual losses, Mr. Hatch reports. In coi.v.imenting on the benefits of federal croo. insurance he said, "since insurance was first inaugurated' inaugu-rated' it has been applied to practically pract-ically everything. But wit.i all its widespread application it has never yet been used on an all-risk, nation wide basis to cover groiAang crops. Farmers have been left to fight it cr.l; for themselves. If they had a good crop, everytlhing was ime--but, if there was failure they stood the blow. "Last year the government took steps, experimentally, to correct this evilThe crop introduced and in its urst year more than 150,000 farmers farm-ers in the United States took advantage ad-vantage of it. Through their cooperation cooper-ation its value and validity has been proved. T. ere were some fanners who Planted to take out insurance but couji not because they didn't have the money to pay for the premiums and therefore faced the possibility of financial loss through another crop failure this year." |