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 …

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 …

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 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 …