Dedicated Insurance Professionals you know and trust...like Family
Issue No. 58

April 1,  2014

 


 

 

 

For much of Texas, the month of March came in like a lion with cold and freezing rain. With March being such a changeable month, in which we can see warm spring-like temperatures or late-season snowstorms, you can understand how the old saying might hold true in some instances.

 

Relative, the changing state of insurance and health care has many feeling underinformed and overwhelmed. Thankfully, as a member participant with Texas Ag Coop Trust, you are a partner in decision making and you are partnered with a thriving coverage provider.

 

March arrived like a lion. Healthcare arrived...

It is all a matter of perspective. Keeping YOU the priority. Keeping YOUR NEEDS in perspective. With TACT, YOU are our business. How can we help?

 

Interesting March Lore:

 A dry March and a wet May? Fill barns and bays with corn and hay.

 

As it rains in March so it rains in June.

 

March winds and April showers? Bring forth May flowers.

 

 

 

 

 

 

 

 

 

  

Now serving ALL of Texas Agriculture -

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TACT - Dedicated Insurance Professionals
you know and trust...like Family. 

  

 Healthcare In The News

 

  

Insurers see double-digit Obamacare price rises in many states next year

 

courtesy Reuters

  

U.S. consumers eligible for Obamacare health plans could see double-digit price hikes next year in states that fail to draw large numbers of enrollees for 2014, including some states that have been hostile to the healthcare law, according to insurance industry officials and analysts.

  

The early estimates come as insurance companies set out to design plans they intend to sell in 2015 through the state-based health insurance marketplaces that are a centerpiece of the Affordable Care Act, President Barack Obama's signature domestic policy achievement that is widely referred to as Obamacare.

  

WellPoint Inc, which sells plans on 14 Obamacare exchanges, expects health insurance rates nationwide to be higher. Increases for the Obamacare market that has signed up about 5 million people to date is expected to outpace those in the employer-sponsored market, which serves about 170 million people.

  

"Looking at the rate increases on a year-over-year basis on our exchanges, and it will vary by carrier, but all of them will probably be in double digit plus," Ken Goulet, president of WellPoint's commercial business, told investors in New York.


The cost of health insurance is already a political hot potato in this year's election campaign for control of Congress, with Republicans warning of the potential for sky-rocketing rates in their attempt to turn the ballot into a referendum on Obamacare.

 

Insurers have noted the difficulty of building and pricing plans for 2015, which will mark the second year of the Obamacare exchanges. Enrollment for 2014 closes on March 31 (subject to another partial extension), giving them very little time to review the costs of covering their new members before submitting proposed rates to insurance regulators in May and June.

 

Industry officials and independent analysts say the lack of hard data will mean huge variations in premiums, with increases ranging from the high single-digit percentages in some states to as much as 30 percent in others.

 

Slow enrollment is a potential harbinger of big price hikes in over a dozen states, where technology failures or political opposition to Obamacare may have deterred younger and healthier residents from signing up.

 

Because the healthcare law prevents insurers from charging sick people higher premiums, the participation of healthy young people is needed to offset the cost of covering policyholders with preexisting conditions. Government data so far has shown about 25 percent of new Obamacare enrollees are in the younger demographic of adults aged 18 to 34, well below the White House's 38 percent target before last October's botched rollout.

 

Click here to read the article in its entirety.

Agriculture News
  
New Report Shows Labor Challenges Lead to Loss in GDP,
Farm Income as U.S. Farmers Lose Market Share of Imports
 

WASHINGTON, D.C., March 18, 2014 - The Partnership for a New American Economy and the Agriculture Coalition for Immigration Reform released a new report showing how American families are eating more imported fresh produce today than ever before, in substantial part because U.S. fresh produce growers lack enough labor to expand their production and compete with foreign importers.

 

"American consumers want fresh U.S grown fruits and vegetables, but our farmers don't have the labor force available to meet that demand," said John Feinblatt, Chairman of the Partnership for a New American Economy. "This means more produce is imported, and our economy loses millions of dollars and thousands of jobs every year. We need to pass immigration reform now, so our food remains homegrown and our economy strong."

 

"On the issue of farm labor, we have a growing amount of evidence that all points in the same direction: Farmers and consumers both need responsible immigration reform," said American Farm Bureau Federation President Bob Stallman, a cattle and rice farmer from Texas.

 

Key Findings

  • In recent years, the share of fresh fruits and vegetables consumed by American families that was imported has grown by 79.3 percent.
  • In America, our production of fresh produce and the demands of consumers are increasingly out-of-sync. While the amount of fresh produce and vegetables consumed by Americans has grown in recent years, production levels have either barely grown or declined.
  • Had U.S. fresh fruit and vegetable growers been able to maintain the domestic market share they held from 1998-2000, their communities would have enjoyed a substantial economic boost, resulting in an estimated $4.9 billion in additional farming income and 89,300 more jobs in 2012 alone. U.S. GDP would have been $12.4 billion higher in 2012.
  • Labor challenges faced by U.S. farmers and the inadequacies of the H-2A visa program are a key reason why American farmers have been unable to maintain their share of the domestic market. Labor alone can explain as much as $3.3 billion in missed GDP growth in 2012. It also accounts for $1.4 billion in farm income that wasn't realized that year.

The data for this report was compiled by Steven Broners, Ph.D., a Senior Economist at Welch Consulting.


See the full report, "No Longer Home Grown: How Labor Shortages are Increasing America's Reliance on Imported Fresh Produce and Slowing U.S. Economic Growth."

  
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Farm Bill - Decision Time
changes ahead discussed at area gatherings
  
The 2014 Farm Bill contains significant changes to the farm safety net that include new options for producers. It is important that growers educate themselves on all the facts in order to make informed risk management decisions that best suit their operation. As an initial look at these new provisions, the Ag and Food Policy Center, Texas A&M Agrilife Extension, and the Southwest Council of Agribusiness have teamed up to put together info sessions to give those involved in the agriculture industry insight on some of the changes headed their way.
 

According to a Texas A&M AgriLife Extension Service economist who discussed details at the recent Blackland Income Growth Conference in Waco. - "It's Decision Time!"


Dr. Jason Johnson, AgriLife Extension economist in Stephenville, said farmers have a one-time irrevocable decision to choose either price loss coverage (also known as PLC) or agricultural risk coverage (also known as ARC) as a revenue protection plan.


The ARC program offers either a county level or an individual loss benchmark.  "It's very possible to have different crops or commodities enrolled in different programs. If you decide you want to go with agricultural risk coverage, you could go county level or individual level. If you go individual level you are making that election for your entire farm. If you don't make that choice, the price loss coverage option is the default.


Using the county level benchmark, different crops may be enrolled in different programs, Johnson said.

"One crop could be enrolled in PLC and others could be enrolled in ARC."


Johnson advised all producers to give each option thorough analysis and determine how they apply to their particular option, risk level and management plans.

Overall, he said, the new farm bill should not be relied upon as the producer's only source of a safety net - individual crop insurance selection and marketing plans will be counted on heavily to fend off potential losses.

Price loss coverage payments occur if the U.S. average market price for the crop year is less than the crop's reference price, he said.


Farmers who choose ARC and select the individual coverage rather than the county average will be covered at 65 percent of base rather than 85 percent with the county average benchmark. The benchmark is developed through a county Olympic average for yield and price. Numbers for the last five years, minus the high and low, and averaging the remaining three provide the basis.


"Multiply the average yield times the average price for the benchmark," Johnson said.


Also available through the Title 11 crop insurance offering is a "shallow loss," supplemental coverage option (SCO) to cover gaps in crop insurance protection.


Meanwhile, there's also permanent funding for the livestock indemnity program and livestock forage program.

Johnson said elimination of the direct payment could have a significant effect on land lease arrangements.


"Over the past few months, we have received a lot of calls for sample forms for flexible cash lease options that could be adjusted based on prices. The new farm bill may change the structure of land rent decisions."


Right now, Johnson said ARC looks more favorable than PLC, but things can change when comparing moving averages against a fixed benchmark.


"Decisions will also be guided by lenders," Johnson said. "Traditionally, lenders hate group rate policies. Producers must cover their risk through individual crop insurance offerings and look to the Farm Bill as a consolation prize if prices and/or yields plummet."

  

Further Reading:

AUSTIN - Discussion of the 2014 Farm Bill will take center stage at the Texas Ag Forum scheduled April 10 at the Hilton Austin Airport, 9515 Hotel Drive, in Austin.

The event will bring together producers, commodity and farm organization leaders from across the state, said Dr. Joe Outlaw, co-director of the Agricultural and Food Policy Center at Texas A&M University and a Texas A&M AgriLife Extension Service economist.

  

"The 2014 Farm Bill significantly changed the farm program safety net," he said. "The new law provides producers with a number of choices for both commodity programs and crop insurance. We will take the opportunity to discuss these changes and provide insight on how the new farm programs will work for Texas producers. In short, the conference will focus on what the impacts will be."

  

The forum will feature presentations from policy makers, university experts and farm-group representatives.

  

Information is courtesy of :

Blair Fannin, 979-845-2259, b-fannin@tamu.edu

  
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 Healthful Hint

  

 Spring Cleaning

Your Pantry


 

How you stock your pantry can either set you up for success or sabotage your healthy-eating efforts. With Spring cleaning chores on the brain, now is not only a great time to organize your closet but also to pick apart your pantry.  Luckily for you, I tackled this very task in my own kitchen last week, and I've put together a list of the things to toss or donate, and the staples to stock up on. 
 

 

TOSS OUT

Expired goods Healthy or not, expired foods in your pantry may not be safe to eat. Instead of just tossing it into the trash, empty the food contents into a compost bucket or down the drain, and recycle the packaging. If you come across an item that's just recently passed it's eat-by date, leave it out on the counter instead of putting it back in the pantry, and plan a meal to use it up by week's end.

 

Items with trans fats Look at the list of ingredients. If you see a type of oil preceded by the words "partially hydrogenated," you've got trans fat on your hands. (For example: "partially hydrogenated soybean oil.") If a product has less than 0.5g per serving, food manufacturers aren't required to list it on the Nutrition Facts label, but that doesn't mean the food doesn't contain it. Some common trans fat-filled foods include: microwave popcorn, shortening, cake mixes and frostings, pancake and waffle mixes, non-dairy creamers, packaged cookies, crackers, processed meat sticks, some canned chilis, and packaged pudding,

 

Foods loaded with added sugar Foods high in added sugar are likely also adding to your waistline. Again, look at the ingredient list. If sugar is one of the first few ingredients, added sugar is a big component. Some of the usual culprits include breakfast cereal and pastries, packaged desserts, baking mixes, packaged pudding, granola bars, fruit snacks, canned fruit, and even some dried fruits and packaged nuts.

 

Packaged snack foods Pretzels, potato chips, cheese doodles, rice cakes-these foods do very little to satiate hunger or nourish your body. I think we gravitate to them purely for their salt and crunch factors.

 

Refined grains Traditional cous cous, white rice, white pasta-all of these grain-based items have been stripped of nutrition through processing and provide little more than refined carbohydrates. Donate these items to a local food pantry or, if you prefer to use them up, incorporate them into a meal with plenty of vegetables and legumes.

 

Salty snacks, soups, and sauces Much like decadent desserts, salty foods are okay once in a while. But having a cabinet full of them is asking for trouble-especially if you have high blood pressure, or have been told to cut back on sodium. Food manufacturers add salt mainly for two  reasons: our tastebuds love the stuff, and it acts as a preservative. When it comes to foods like nuts, soups, and sauces, opt for the low-sodium version-you can always add a little more if needed, which is still usually less than the amount found in the regular version.

 

STOCK UP

Canned or dried beans Beans are incredibly versatile and can give meals and snacks a boost of protein and fiber. With just a handful of additional ingredients beans can be whipped up into spreads or dips, like homemade hummus, a quick vegetarian chili, bean burger patties, soups, and more.

 

Whole grains As your stash of white, refined grains dwindles, replace them with more nutritious and fiber-rich whole grains. I always have a stash of whole wheat pasta, brown rice, barley, and whole wheat cous cous in my pantry. I also keep healthy breakfast grains, like old fashioned or steel cut oats and wheat bran, on hand to sprinkle onto yogurt and fresh fruit.

 

High fiber cereals Though typically a breakfast food, I will admit cereal for dinner isn't the worst meal in the world. Fiber plays an important role in digestive health-it keeps things moving, and also helps with satiety and prevents big blood sugar spikes after a meal.

 

Chicken, beef, or vegetable broth I always have one 32-ounce container of each in my pantry, which comes in handy for making a quick soup or adding a little bit of flavor to grains like quinoa and cous cous. Grab the low-sodium kind, and be sure to store it in the refrigerator after opening.

 

Packaged protein Canned tuna and salmon are great sources of protein (and calcium too, in salmon's case) and can quickly be turned into a number of nutritious meals for a busy weeknight dinner or a last minute lunches.

 

Nuts and seeds Walnuts, almonds, pecans-whatever type of nut you prefer, are all good sources of healthy fats, protein, and fiber. Vacuum packed bags will maximize shelf life. When choosing nut or seed butters, keep in mind that the healthiest ones have the fewest ingredients-just nuts and maybe some salt. Because natural nut butters don't contain shelf-stable trans fats or preservatives, be sure to check the label to see if they should be refrigerated after opening.

 

Herbs and spices Great for enhancing flavor without adding sodium, lately herbs and spices have also been making headlines for their powerful antioxidant abilities.

 

Healthy snacks and treats Dark chocolate, granola bars, and dried fruit without added sugar are more nutritious than cookies and candy. A small handful of dried fruit or a square of chocolate can quickly take the edge off of that sweet tooth. Granola bars can make a great snack or a quick grab-and-go breakfast, just look at the ingredient labels and choose ones that provide the most fiber and least amount of sugar and other additives.

 

 

 
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In This Issue
Obamacare price rises in many states next year
Labor Challenges Lead to Loss in GDP
Farm Bill - changes to the farm safety net
Healthful Hint - Spring Break!
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Texas Ag Coop Trust
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Texas Ag Coop Trust
Officers, Board of Trustees
 
Kimberly Tullo-Holcomb
TACT Executive Director
Lubbock, TX
 
Jim Turner, Chairman
Dalhart Consumers Fuel Association
Dalhart, TX

Bret Brown, Secretary/Treasurer
Sunray Coop
Sunray, TX 
 
Paul Wilson United Cotton Growers
Levelland, TX

Cary Eubanks
Slaton Coop Gin
Slaton, TX

Dean Sasser
Farmers Coop Elevator
Levelland, TX



 

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2014 is just beginning, and is also just the beginning for issues surrounding healthcare and agriculture, revealing a state of the union that is citizen-strong with a reformed healthcare system that is providing much needed assurance to many, lacking

Americans.

With TACT, your need for healthcare is met! We are expanding and advancing and we want to hear from you! Obamacare is upon us? Are you covered? Do you have questions? Are you fielding concerns from employees and contractors? We have the answers you are looking for. We have the product to meet your need. And, best of all, we are Texas and we are personal. With TACT, you are our business!

  

  

  

 
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 TACT - Dedicated Insurance Professionals
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Next Issue:  April 15, 2014
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