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Senate Proceeding on Dec 13th, 2007 :: 3:30:09 to 3:35:23
Total video length: 4 hours 16 minutes Stream Tools: Stream Overview | Edit Time

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Saxby Chambliss

3:29:53 to 3:30:09( Edit History Discussion )

Saxby Chambliss: mr. grassley: it would be easy to say that i appreciate a associate myself with the remarks from senator kansas and let it be that way, but i was around when we set up the federal crop insurance program

Chuck Grassley

3:30:09 to 3:30:21( Edit History Discussion )

Chuck Grassley: and want to reflect on the rationale behind it and then consequently why i'm going to vote against senator brown's amendment. and, remember, that for decades for the farm program we may have had some crop

Chuck Grassley

3:30:09 to 3:35:23( Edit History Discussion )
Speech By: Chuck Grassley

Chuck Grassley

3:30:21 to 3:30:36( Edit History Discussion )

Chuck Grassley: insurance through the government and for hail through the private sector that farmers could buy for some protection. but for the most part against natural disasters, people relied upon the political

Chuck Grassley

3:30:36 to 3:30:49( Edit History Discussion )

Chuck Grassley: whim of congress to vote or not to vote disaster aid. so this crop insurance program was put in place to give farmers the ability to manage theirisk risk. let the individual farmer make some determination

Chuck Grassley

3:30:49 to 3:31:04( Edit History Discussion )

Chuck Grassley: so he can take risk out of farming, out of the natural disasters that are connected with it. even now you can take some of the price questions out that are involved with it. and manage his own risk

Chuck Grassley

3:31:04 to 3:31:19( Edit History Discussion )

Chuck Grassley: as opposed to relying upon the senators and the congressmen to vote or not to vote or when it vote disaster relief. and so weut this in place. and in order for it to be successful, you have to have

Chuck Grassley

3:31:19 to 3:31:32( Edit History Discussion )

Chuck Grassley: a network to carry it out. and this network is a private- private-sector network. i think it's working very well. and i think it's in jeopardy if the brown amendment is adopted. so i have some concerns about

Chuck Grassley

3:31:32 to 3:31:45( Edit History Discussion )

Chuck Grassley: the amendment. it could have some very detrimental impacts on crop insurance programs that is so valuable to rural america. so i urge my colleagues to oppose this amendment because i do not feel that

Chuck Grassley

3:31:45 to 3:31:58( Edit History Discussion )

Chuck Grassley: the amendment is reform. it moves us back it a time when there's going to be more reliance upon political whims of washington to devote disaster relief. the amendment seeks to further cut support

Chuck Grassley

3:31:58 to 3:32:12( Edit History Discussion )

Chuck Grassley: of federal crop insurance by several billion dollars simply to fund other projects. additional cuts beyond what the agriculture committee has already adopted will prevent the program from providing assistance

Chuck Grassley

3:32:12 to 3:32:26( Edit History Discussion )

Chuck Grassley: to america's farmers that's so vital to risk management. over the years congress has insisted on having federal crop insurance, and the program to reach out to all farmers, especially small, beginning,

Chuck Grassley

3:32:26 to 3:32:41( Edit History Discussion )

Chuck Grassley: and limited access farmers. this is to be done in a fair, equitable, nondiscriminatory manner serving as an effective risk-management tool that all can use. according to the department of agriculture,

Chuck Grassley

3:32:41 to 3:32:54( Edit History Discussion )

Chuck Grassley: the program is succeeding at this objective additionally, crop insurance has become essential to many farmers in securing credit from a bank rental agreements as well as providing confidence to more effectively

Chuck Grassley

3:32:54 to 3:33:11( Edit History Discussion )

Chuck Grassley: market their crops through the future of the -- through the futures market where they can recapture higher prices prices. the farmers in my state and across the country have use ed this tool over and

Chuck Grassley

3:33:11 to 3:33:30( Edit History Discussion )

Chuck Grassley: over. it must be effective or they wouldn't be use ing it and paying the premiums each year. the senate agriculture committee reported a farm bill that contained a 2-point cut, a cut that represents

Chuck Grassley

3:33:30 to 3:33:42( Edit History Discussion )

Chuck Grassley: nearly $750 million in reduced program costs costs. any cuts to the a&o reimburse reimbursement rate beyond those twro points point two points will threaten the program. further cuts could also jeopardize

Chuck Grassley

3:33:42 to 3:33:55( Edit History Discussion )

Chuck Grassley: a continued viability of the private delivery system that is vital to the program's success. this could put a private-sector employee out of work and result in hiring a new federal employee to serve

Chuck Grassley

3:33:55 to 3:34:09( Edit History Discussion )

Chuck Grassley: farmers. private-sector delivery is efficient and results in good services. approximately 30,000 jobs are create ed by this industry. those would be in jeopardy, and we would not have small farms and

Chuck Grassley

3:34:09 to 3:34:21( Edit History Discussion )

Chuck Grassley: ranchers serviced the way they are n. further, the amendment is proposed to increase the quota share could weaken the crop insurance program and may result in private insure ers exiting the program.

Chuck Grassley

3:34:21 to 3:34:34( Edit History Discussion )

Chuck Grassley: in fact, increase ing the quota share is counter to the federal policy of the 23569 years which successfully has shifted more -- of the past 25 years which successfully has shifted more to the

Chuck Grassley

3:34:34 to 3:34:45( Edit History Discussion )

Chuck Grassley: private sector. private companies do a better job at loss adjustment. both the inspector general and the g.a.o. have repeatedly focus focused on that point. second, by shifting more risk to the private

Chuck Grassley

3:34:45 to 3:34:56( Edit History Discussion )

Chuck Grassley: sector, federal cost costs should be lower over time as companies have more financial responsibilities for indemnities indemnities. it has taken more than 25 years -- and we don't want to lose that

Chuck Grassley

3:34:56 to 3:35:12( Edit History Discussion )

Chuck Grassley: 25 years. and as a matter of transparency, i want to tell everybody in the senate that i participate in the crop insurance program my constituents ought to know it and my colleagues ought to know that

Chuck Grassley

3:35:12 to 3:35:23( Edit History Discussion )

Chuck Grassley: as well. the presiding officer: thank you. the senator in senator from ohio. mr. brown: madam president, thank you. thank the senator from iowa for adding his nodges to this debate knowledge to this

Sherrod Brown

3:35:23 to 3:35:33( Edit History Discussion )

Sherrod Brown: debate. after listening to the senator from kansas, we might think the concile sky is falling in kansas or ohio or iowa. and the sky is falling on the crop insurance companies. but really when i hear

Sherrod Brown

3:35:23 to 3:41:38( Edit History Discussion )
Speech By: Sherrod Brown

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