USDA’s Insurance Option Offers First of Its Kind Risk Management Tool for Cow-Calf Producers
News Release
Livestock
PM-23-053
Background
On August 17, 2023, under section 508(h) of the Federal Crop Insurance Act the Federal Crop Insurance Corporation Board of Directors approved revisions to the Dairy Revenue Protection (DRP) Commodity Exchange Endorsement (CEE) for the 2024 crop year for all endorsements that have an effective date on or after September 16, 2023, and for the 2025 and succeeding crop years. The changes include:
DRP CEE:
PM-23-047
Background
The Risk Management Agency (RMA) revised the Rainfall Index (RI) Common Policy and the Pasture, Rangeland, Forage (PRF) Crop Provisions for 2024 and succeeding crop years for the August 31, 2023, contract change date and for the 2025 crop year for insurance plans with a contract change date prior to August 31, 2023. The changes include:
PRF Crop Provisions:
USDA Offers Disaster Program Flexibilities for Flood-Impacted Producers in the Northeast
News Release
MGR-23-004
Background
Farmers and ranchers are facing natural disasters in many parts of the nation causing catastrophic damage to crops. Concerns have been expressed about the requirement to pay crop insurance premiums timely to avoid accrual of interest.