USDA Introduces Annual Forage Pilot Insurance Plan
Earlier this May, USDA released a new pilot federal crop insurance plan that utilizes a rainfall index to provide coverage for annual forage crops. The plan covers crops planted annually and used for livestock feed or fodder. It is being tested in six states: Texas, Oklahoma, Kansas, Nebraska, South Dakota, and North Dakota.
The sales closing dates for this insurance are July 15 for crops planted in the fall, and December 15 for crops planted next spring.
Are you wondering whether this plan is right for you? Index tables provide historical information producers can use to determine whether this plan is applicable to them. A decision support tool is available on the USDA’s Risk Management Agency (RMA) website.
Crop insurance is sold and delivered solely through private crop insurance agents. Contact a local crop insurance agent for more information about the program. A list of crop insurance agents is available at all USDA Service Centers or on the RMA website.
You can learn more about crop insurance on the “risk management” section of beginningfarmers.org.