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Shining Light on Farm & Food Policy for 20 Years.
Saturday, November 23, 2024
Crop producers will have more time to verify their organic acreage for crop insurance under a loosened regulatory regime rolled out earlier this week by USDA’s Risk Management Agency.
USDA’s Risk Management Agency is taking action to reduce the impact on milk producers of recent market disruptions that have caused some producers to dump their product.
USDA shut down an office complex in Kansas City, Mo., due to a potential COVID-19 infection contracted during a Farm Service Agency conference held there from March 10 to March 13.
Last year, about 19.1 million acres were covered under prevented planting provisions in insurance policies and the indemnity payments have already reached almost $4.3 billion.
Growers paid over $10 billion to insure almost 380 million acres in 2019. By year-end, crop insurance companies paid out almost $7.6 billion to cover losses and the numbers are expected to grow as all claims are finalized.
A five-year, USDA-funded study says that producers can’t get the insurance coverage they need either because it’s unavailable for their particular crops or won’t cover their losses adequately because of the conservation practices they follow.
USDA’s Risk Management Agency has issued a clarification of an earlier press release to make clear that farmers will receive a 15% top-up payment on prevented planting indemnities this year if their insurance policies had the Harvest Price Option.
An insurance policy created to help diversified operations, specialty crop growers and small farms better manage their risk has slipped in popularity over the past two years, but advocates say a series of changes USDA is making in the program could reverse the decline.
Agriculture Department officials expect farmers to file more than $1 billion in insurance claims for acreage they were unable to plant due to the succession of storms across the Midwest and Mississippi River valley this spring.
