Beginning in 2014, crop insurance will be available as a pilot insurance program for cucumbers in Delaware, Illinois, Indiana, Maryland, Michigan, North Carolina and Texas.
As consumer demand for fresh fruit and vegetables increases, so do the production risks for the nation’s farmers as they grow these crops. To meet this challenge, the Risk Management Agency (RMA) pays close attention to the changing agriculture sector to ensure that crop insurance is made available where feasible.
A tremendous amount of work goes into offering a new insurance product, making sure that the product provides the coverage needed by growers at a reasonable premium without distorting the market or affecting a grower’s management decisions for the crop. New insurance products must have written policy, underwriting and loss procedures, as well as an actuarially-sound premium rate. The ability to innovate with new and expanded insurance offerings to reflect modern and changing farming practices is central to how the Federal Crop Insurance Program works. Read more »
Today, Secretary Vilsack joined the President in Michigan to sign the 2014 Farm Bill, an accomplishment that would not have been possible without your engagement. Last year we began the #MyFarmBill campaign in an effort to share with all Americans the need for a comprehensive Food, Farm and Jobs Bill to keep up momentum in American agriculture. Today that bill was signed and we are able to move forward to do work that grows the rural economy and creates jobs.
The new Farm Bill will allow the proud men and women who feed millions around the world to invest confidently in the future. While no legislation is perfect, this bill is a strong investment in American agriculture and supports the continued global leadership of our farmers and ranchers. Take a look at how your voices were included in the 2014 Farm Bill: Read more »
B & W Orchards owner Barbara Robinson grows blueberries and other produce on her eastern Mississippi farm. Photo by Mississippi State University Extension Service
Federal crop insurance provides the risk management tools necessary for American farmers to stay in business after a difficult crop year. They can be the difference between a farmer going under because of a lean year or having a safety net that allows them to keep farming and rebuild. These tools help farmers who rely on good farming practices for smart land use and preserve economic stability for generations. And the Risk Management Agency (RMA) has worked hard to extend risk management tools for organic producers.
Organic producers were first able to obtain crop insurance under the Agricultural Risk Protection Act of 2000. However, due to the lack of data, organic farmers were initially charged an additional 5 percent surcharge and were only able to insure the “conventional price” for their crop – not the organic price. Many organic producers felt the surcharge was not justified and that crop insurance prices needed to better reflect what they received in the marketplace. Read more »
Good risk management tools aid in conservation efforts and help protect beautiful views like this for the next generation. USDA photo.
American producers know that crop insurance is a proven tool for managing the risks of farming. But many folks may not be aware that it also promotes sound practices that encourage environmental sustainability.
One of the primary reasons the Federal crop insurance program is good for conservation is that it requires producers to exercise good farming practices in order to be eligible for coverage. Good farming practices vary from crop to crop and from region to region, but follow the principle that the farming practices carried out are considered prudent and responsible by local extension agents and certified crop consultants. And this means planning for the long-term future, not just the current crop year. Read more »
While rural Americans have already waited too long for passage of a new Food, Farm and Jobs bill, this week brought a promising new development. Conferees from the Senate and House met to begin work on the creation of a bipartisan, long-term Farm Bill. Their work could not be more timely – and they are in the spotlight now more than ever before.
The Farm Bill is crucial to America’s farmers, ranchers and producers. It provides a necessary safety net for producers centered around a strong crop insurance program and a dependable set of disaster assistance programs. The last two years of drought and other weather-related disasters underscores how important that safety net is to keeping producers in business.
The Farm Bill’s importance extends beyond the farm safety net. Read more »
Following the devastating effects of tornadoes this week, USDA is offering assistance to those in need. USDA offers many programs that can provide assistance to landowners, farmers, ranchers and producers during disasters. No Presidential or Secretarial declarations are required for the provision of much of this assistance.
Agricultural producers are reminded that Federal crop insurance covers tornado damage, as well as other natural causes of loss. Please remember to report your loss to your insurance agent or company within 72 hours and in writing within 15 days. Your insurance company will send out a loss adjuster as soon as they are safely able to do so and will document your insurance claim. Please remember that you cannot destroy your crop or plant a new crop until the loss adjuster or your insurance company has informed you that you can do so. Read more »