USDA Introducing New Crop Insurance Program
|By Greeley Tribune, Colo.|
|McClatchy-Tribune Information Services|
USDA Risk Management Agency Administrator
After an independent study recommended that the agency give more weight to crop performance in recent years, the agency revised rates for corn and soybeans in 2012 and has revised those rates again for 2013, he noted.
While the corn and soybean rates went up in some states and down in others, overall they went down, he said.
In making those revisions, Murphy said, the agency has limited the impact of the 2012 drought so that rates will not be moving dramatically upward one year and downward another.
The agency also announced that for the first time this week it has revised the rates for spring wheat, cotton, rice and grain sorghum using the new methodology.
(c)2012 the Greeley Tribune (Greeley, Colo.)
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