Hemp offers new economic opportunities for America’s farmers, and the Risk Management Agency is pleased to offer coverage to hemp producers. A pilot hemp insurance program available in select counties through Multi-Peril Crop Insurance (MPCI) provides coverage against loss of yield because of insurable causes of loss for hemp grown for fiber, grain, or cannabidiol (CBD) oil. Revenue protection for hemp is offered nationwide under the Whole-Farm Revenue Protection plan of insurance. Also, hemp is insurable under the Nursery crop insurance program and the Nursery Value Select pilot crop insurance program, if grown in containers and in accordance with federal regulations, any applicable state or tribal laws, and terms of the crop insurance policy.
For more information, see www.farmers.gov/manage/hemp.
- Press Releases
- USDA Announces Details of Risk Management Programs for Hemp Producers (Feb. 6, 2020)
- USDA Announces Pilot Insurance Coverage for Hemp Growers (Dec. 23, 2019)
- Hemp Crop Insurance Coverage Available for 2020 (Aug. 27, 2019)
- Manager's Bulletins
- Fact Sheet