insurance options

USDA Updates Livestock Insurance Options to Offer Better Protection, Flexibility

Dan Cattle, Economy, Livestock, USDA-RMA

The U.S. Department of Agriculture (USDA) has updated three key crop insurance options for livestock producers: the Dairy Revenue Protection (DRP), Livestock Gross Margin (LGM), and Livestock Risk Protection (LRP). USDA’s Risk Management Agency (RMA) revised the insurance options to reach more producers, offer greater flexibility for protecting their operations, and ultimately, better meet the needs of the country’s swine, …

usda

USDA Responds to Producer Needs by Updating Crop Insurance

Dan Crop Insurance, Economy, USDA-RMA

The U.S. Department of Agriculture (USDA) has announced they are making updates to crop insurance in order to respond to the needs of agricultural producers, and this includes organic producers. Specifically, USDA’s Risk Management Agency (RMA) is making permanent a new provision that allows producers to hay, graze or chop cover crops and still receive a full prevented planting payment. …

rma

RMA Updates Whole-Farm Revenue Protection

Dan Aquaculture, Economy, Organic, USDA-RMA

Organic and aquaculture producers will soon be able to benefit from updates that USDA’s Risk Management Agency (RMA) is making to the Whole-Farm Revenue Protection Plan. RMA is revising the plan of insurance to make it more flexible and accessible to producers beginning in crop year 2022. RMA Acting Administrator Richard Flournoy explains what plan does. Changes to the program include increasing expansion …

pilot

Revised Closing Dates for Pilot Crop Insurance Programs

Dan Crop Insurance, Economy, USDA-RMA

Agricultural producers will now have until December 1 to make coverage decisions and complete reporting activities for the Pasture, Rangeland, and Forage Pilot Insurance Program (PRF) and Apiculture Pilot Insurance Program (API). The U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) is making this change and other updates to these two policies based on feedback from stakeholders. Risk Management Agency Acting …

usda

USDA Funding Risk Management Education for Underserved Producers

Dan Education, USDA-RMA

The U.S. Department of Agriculture (USDA) is investing nearly $1 million in funding for universities and nonprofits to develop risk management training and educational tools aimed to assist historically underserved farmers and ranchers. USDA’s Risk Management Agency (RMA) Acting Administrator, Richard Flournoy, says they are funding nine projects to help producers effectively manage long-term risks and challenges. The nine projects …

natural disaster

USDA-RMA Extends Crop Insurance Deadlines

Dan Crop Insurance, Economy, USDA-RMA

This week, the U.S. Department of Agriculture Risk Management Agency (USDA-RMA) announced they were authorizing Approved Insurance Providers (AIP) to extend crop insurance deadlines to help producers due to the widespread drought. RMA Acting Administrator Richard Flournoy says this relief is nationwide. Producers now have additional time to pay premium and administrative fees, and interest will be waived for 60 days or …

Cover Crop

Producers with Crop Insurance to Receive Premium Benefit for Cover Crops

Dan Cover Crops, Crop Insurance, Economy, USDA-RMA

Agricultural producers who have coverage under most crop insurance policies are eligible for a premium benefit from the U.S. Department of Agriculture (USDA) if they planted cover crops during this crop year. The Pandemic Cover Crop Program (PCCP), offered by USDA’s Risk Management Agency (RMA), helps farmers maintain their cover crop systems, despite the financial challenges posed by the pandemic. …

livestock

Livestock Insurance Policy Updates

Dan Beef, Cattle, Dairy, Equine, Livestock, Pork, Poultry, Sheep-Goats, USDA-RMA

Last week, the USDA Risk Management Agency (RMA) announced updates to the Livestock Gross Margin (LGM) and Dairy Revenue Protection (DRP) policies. RMA Acting Administrator Richard Flournoy first runs through the updates scheduled to take effect next year for the LGM program. And Flournoy describes the updates to RMA’s Dairy Revenue Protection program. RMA is updating the livestock insurance policies to improve options …