Interesting story on a proposed cut to agriculture in the recently released federal budget from President Donald Trump.
Go to http://www.agriculture.com/news/business/crop-insurance-cut-36-in-trump-budget to check out the story.
Showing posts with label crop insurance. Show all posts
Showing posts with label crop insurance. Show all posts
Thursday, May 25, 2017
Thursday, March 12, 2015
Monday Deadline to Purchase Crop Disaster Coverage
Producers have until Monday, March 16, to purchase coverage through the Noninsurable Crop Disaster Assistance Program (NAP).
NAP provides financial assistance to producers of noninsurable crops when low yields, loss of inventory or prevented planting occur due to natural disasters.
“Purchasing a crop insurance policy is an easy way for producers to mitigate risk,” said James Barber, state director of the Farm Service Agency. “The past few years have shown that natural disasters can severely impact an otherwise successful operation.”
In order to meet eligibility requirements for NAP, crops must be noninsurable, commercially-produced agricultural commodity crops for which the catastrophic risk protection level of crop insurance is not available.
If the Risk Management Agency (RMA) offers coverage for a crop in the county, then NAP coverage is not available for that crop.
In the event of a natural disaster, NAP provides catastrophic level coverage based on the amount of loss that exceeds 50 percent of expected production at 55 percent of the average market price.
The 2014 Farm Bill authorizes additional coverage levels ranging from 50 percent to 65 percent of production, in 5 percent increments, at 100 percent of the average market price.
Additional, or “buy-up” coverage must be elected by a producer by the application closing date. Producers who elect additional coverage must pay a premium in addition to the service fee. Crops intended for grazing are not eligible for additional coverage.
Producers must file the application and service fee by the March 16 deadline. The service fee for NAP is the lesser of $250 per crop or $750 per producer per administrative county, not to exceed a total of $1,875 for a producer with farming interests in multiple counties.
The 2015 NAP application deadline date for the 2015 coverage is March 16 for Spring Seeded Crops (artichokes, beans, broccoflower, broccoli, Brussels sprouts, buckwheat, cabbage, calaloo, canary melon, cantaloupe, carrots, cauliflower, celeriac, celery, sweet corn, crenshaw melons, cucumbers, eggplant, gourds, honeydew, hops, Jerusalem artichokes, kohlrabi, Korean golden melon, millet, okra, parsnips, peas, peppers, potatoes, pumpkins, rutabaga, safflower, sesame, sorghum forage, soybeans, squash, sunflowers, sweet potatoes, tomatoes, tomatillos, watermelon, yams).
For more information on sales closing dates and NAP, contact your local FSA office: http://offices.sc.egov.usda.gov/locator/app?state=ny&agency=fsa
Wednesday, February 26, 2014
Friday, July 12, 2013
Deadline to Report Acreage to Farm Service Agency Extended to Aug. 2
USDA Farm Service Agency announced Thursday that the reporting deadline for Farm Service Agency acreage has been extended to Aug. 2.
The previous deadline for farmers and landowners was July 15. Only the FSA reporting deadline has been extended. The acreage reporting requirement for crop insurance has not changed and remains July 15.
Accurate acreage reports are necessary to determine and maintain eligibility for various programs, such as the Direct and Counter-cyclical Program (DCP); the Average Crop Revenue Election Program (ACRE); the Conservation Reserve Program (CRP); and the Non-insured Crop Disaster Assistant Program (NAP).
Acreage reports for Farm Service Agency are considered timely this year when filed at the county office by the new applicable final crop reporting deadline of Aug. 2, 2013. Producers should contact their county FSA
office if they are uncertain about reporting deadlines.
The deadline for acreage reporting for the Risk Management Agency remains July 15 for most spring planted crops in the country. Farmers are reminded to report any loss within 72 hours of discovery to their insurance company. Farmers must report prevented planting acreage to their insurance company, in writing, within 15 calendar days after the final planting date.
Losses must be reported and an insurance adjuster must view and release the crop before the crop is destroyed. Farmers are also reminded to contact their insurance agent if they have any questions about coverage, prevented planting, or for reporting and processing a claim.
Anyone with questions should contact their local Farm Service Agency office. Go to http://offices.sc.egov.usda.gov/locator/app?state=ny&agency=fsa and click on your county to find your local office.
Saturday, July 6, 2013
Farmers Must Keep Accurate Records to Report Rain, Flooding Losses
The USDA Farm Service Agency is urging all farmers affected by excessive rain to keep records and report losses to their local Farm Service Agency office.
The FSA will use damage reports to estimate overall financial loss from recent overabundance of rain. FSA will continue working with state and local officials and federal officials to ensure people have the necessary resources to recover from the flooding and rain.
Producers who purchased 2013 NAP (Noninsured Crop Disaster Assistance Program) coverage and have experienced crop losses, you should immediately file a notice of loss and 2013 FSA-578 Acreage Report with their office. The deadline to file a notice of loss is 15 days from the date of the disaster or when the loss becomes apparent.
DO NOT destroy any crop acreage until you have notified FSA and have requested an appraisal on your 2013 un-harvested crop acres.
To complete the loss claim, producers must provide Farm Service Agency officials with records of the 2013 harvested production. After the appraisal and harvest ends, producers will apply for payment. Anyone with crop insurance should be sure to contact your local crop insurance agent as soon as possible to notify them of possible claims.
Other items that must be reported if there are losses due to flooding are any crop or agriculture building damage, livestock loss or forested land damage, due to flooding. FSA will provide information if assistance for these losses becomes available.
Go to http://offices.sc.egov.usda.gov/locator/app?state=ny&agency=fsa and click on your county to find your local Farm Service Agency office.
Wednesday, March 6, 2013
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