WASHINGTON, Feb. 12 -- The U.S. Department of Agriculture'sRisk Management Agency has issued the following news release:
Last year's hurricanes, wildfires, and droughts, devastated parts of the South, Midwest, Northern Plains, and California, and were a stark reminder that agriculture is an inherently risky business. Federal crop insurance indemnities for these disasters totaled more than $1 billion in 2017.
"The prosperity of the rural economy depends on our farmers and ranchers and their ability to bounce back from adverse conditions," said Farm Production and Conservation Acting Deputy Under Secretary Robert Johansson. "Crop insurance is central to a strong farm safety net, and producers should talk with their agents to purchase their coverage before the sales closing date."
To prepare for this year, the U.S. Department of Agriculture's (USDA) Risk Management Agency (RMA) urges farmers to sign up for crop insurance before the sales closing dates for eligible 2018 spring crops. The sales closing dates for most spring-planted crops is February
28 or March 15.
Federal crop insurance helps producers recover after severe weather and manage other business risks. RMA implemented a number of program improvements for the 2018 year. Coverage is available for nearly every commodity, including fruit, vegetable, and organic, with crop specific plans or the Whole-Farm Revenue Protection policy.
Sales closing dates vary by crop, state, and county. More information about deadlines are available in the RMA Actuarial Browser. To discuss dates and options, producers should contact their local agent. Learn more at www.rma.usda.gov.
Aon Puts the Focus on DC Scheme Members
House Energy & Commerce Subcommittee Issues Testimony From Harvard Business School
Advisor News
- What advisors think about pooled employer plans, alternative investments
- AI, stablecoins and private market expansion may reshape financial services by 2030
- Cheers to summer, and planning for what comes next
- Why seniors fear spending their own retirement wealth
- The McEwen Group Merges with Prairie Wealth Advisors to Form Billion Dollar RIA
More Advisor NewsAnnuity News
- AuguStar Retirement launches StarStream Variable Annuity
- Prismic Life Announces Completion of Oversubscribed Capital Raise
- Guaranteed income streams help preserve assets later in retirement
- MassMutual turns 175, Marking Generations of Delivering on its Commitments
- ALIRT Insurance Research: U.S. Life Insurance Industry In Transition
More Annuity NewsHealth/Employee Benefits News
- Flemington-Raritan Seeking Assistance From State Regarding Rising Health Insurance Costs
- Mandela Barnes proposes blocking use of AI to boost consumer prices
- NCOIL adopts Individual Coverage Health Reimbursement Arrangement Model Act
- All about AHCCCS: Navigating Arizona Medicaid’s changing landscape
- A unique Oregon law allows it to block healthcare deals. The state hasn't used it.
More Health/Employee Benefits NewsLife Insurance News
- AI, stablecoins and private market expansion may reshape financial services by 2030
- Transgender plaintiffs win preliminary victories in three gender-affirming care lawsuits
- AM Best Upgrades Issuer Credit Rating of Southern Farm Bureau Life Insurance Company
- Industry Innovator Scores New High-Water Mark: Reliance Matrix Logs 8 Millionth Employee Benefit/Absence Claim
- $150M+ asset sale payout distributed to Greg Lindberg policyholders
More Life Insurance News