The Bismarck tribune., 1935-03-22
HAIL INSURANCE FOR
FARMERS RECEIVING
SEED LOANS ASKED
Hopton Requests Y. S. to Fur.
nish or Underwrite' Premi.
um. TotaIing $5oo,ooo

ISVSIM AUIIIUTItlSo Nv w 0O14A46tVA
Friday were asked by State lnsur.
ance Commissioner Harold Hopton to
furnish or underwrite" hail insur-
ance for North Dakota farmers
scheduled to receive an expected $l4,-
000, 600 In seed loans for 1884.
The plan. forwarded to W. I.
Meyers, governor Of the farm credit
administration, carried with It the
endorsement Of Judge A. M. Chris
tianson, president OF the North Da.
kota Rural Rehabilitation corpora
ton and the support Of former Gov
ernor Thomas H. Noodle, now state
head Of the federal housing corpora
ton.
Support Of the North Dakota dele
CATION in congress also was asked In
letters to them from Lars ]. Siljan,
manager Of the state hail insurance
department. and proponent OF the
plan with Hopton.
Should the federal government &C.
cede to the requests Of the state hail
insurance department, approximately
$4,000 would be paid by the nation
al government In hail insurance
premiums. Siljan said.
Spending $l4,0O0,00o For Seed
In his request to Meyers. Siljan
pointed out the state hail insurance
department understands the federal
government Is prepared to loan ap-
proximately $l4,000.O00 for seed to
farmers Of this state"
The largest amount Of seed loans
so far allotted to North Dakota was
approximately $8,5o0,0o0 in 1882"
Siljan continued, 80 the contemplate
ed investment this year will exceed
any previous loans In the amount Of
5000, ,o0o."
Siljan advanced the belief the fed
eral government might be interest.
ed In securing these investments
through hail insurance coverage."
He estimated the number Of acres
which would be seeded as q result Of
the contemplated loans at $4,000, 900.
Siljan explained farmers are in
worse shape this year than at any
time since statehood. With another
crop In prospect, the protection
against hail losses becomes an i'm.
portant problem"
Under the present law. he said,
farmers delinquent more than one
year in the past three years on hail
insurance indemnity payments are
barred from optional insurance, and
must deposit with the department an
amount equal to 10 per cent Of the
coverage sought.
Speedy Action Asked
Practically no farmers who are
delinquent are in q position to meet
this provision Of the law" Siljau
claimed, "and certainly not those
who obtain government loans for
seed. The department feels that It
would be In line with the farm re-
habilitatton policy for the govern
ment to furnish or underwrite this
hail insurance"
Summaries showing actual costs Of
the hail insurance. together with
tables showing distribution OF the
average 10-year costs also were sent
to Meyers.
Siljan asked speedy action. as we
are rapidly approaching the seeding
season.
In q similar letter to Meyers, Judge
Christianson declared, during nor
NAL years, destruction by hail Is at
times real calamity. It was be-
cause Of this that 1t was deemed
necessary by the people Of the state
to provided hail insurance at cost.
Il recommend for your serious
consideration the proposition pre-
sented by the manager Of the state
hail insurance department"
Judge Christianson termed It good
business as well as good social prac-
tice to make provision 50 that the
farmers who receive seed loans at
the same time also receive insurance
on the crops sought to be produced
from the seed purchased.
I'm the event the crop Is destroyed
by hail 1t will provide for the pay
ment Of the loan and also furnish
some compensation for the crop that
has been destroyed"
Urged to support the proposal In
Washington were Senator's Lynn J.
Frazier and Gerald p. Nye, and Con-
gressmen william Lemke and Usher
L. Burdick.