Crop insurance deadline nears for most spring crops
Federal crop insurance is arguably the government’s most important agricultural safety-net program and one that enjoys broad support among farmers and other agriculturalists.
Now, the U.S. Department of Agriculture’s Risk Management Agency, which administers crop insurance, reminds farmers that crop insurance deadlines for 2018 spring crops are nearing.
The sales closing dates for most spring-planted crops is Feb. 28 or March 15, the RMA says.
Federal crop insurance seeks to protect farmers from "unavoidable risk" associated with bad weather, crop disease and insects. Taxpayers pick up some of the cost, farmers the rest. Crop insurance policies are sold and serviced through private companies. The federal government subsidizes the program to keep it affordable.
“The prosperity of the rural economy depends on our farmers and ranchers and their ability to bounce back from adverse conditions,” farm production and conservation acting deputy under secretary Robert Johansson said in a written insurance.
“Crop insurance is central to a strong farm safety net, and producers should talk with their agents to purchase their coverage before the sales closing date,” he said.
Coverage is available for nearly every commodity, including organic, RMA says.
Sales closing dates vary by crop, state, and county. More information: RMA Actuarial Browser.
To discuss dates and options, producers should contact their local agent.
To learn more about changes and improvements to crop insurance this year: www.rma.usda.gov/news/2017/12/2017accomplishments.pdf.