Home Bisnis New Crop Insurance Coverage Available for Wisconsin Hemp Farmers – Shepherd Express

New Crop Insurance Coverage Available for Wisconsin Hemp Farmers – Shepherd Express

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Wisconsin is among 21 states where hemp farmers will be eligible for a new pilot insurance program for their crops starting this year. This program will make Actual Production History (APH) coverage under Multi-Peril Crop Insurance available to Wisconsin farmers. The pilot program will be available to farmers who grow hemp for fiber, grain or cannabidiol (CBD) in the 2020 crop year.

“APH policies insure producers against yield losses due to natural causes such as drought, excessive moisture, hail, wind, frost, insects and disease,” the U.S. Department of Agriculture (USDA) explains. Farmers can choose up to 85% of the average yield to insure, as well as a percentage of the crops’ value between 55% and 100%.

The other states that will benefit from this pilot program are Alabama, California, Colorado, Illinois, Indiana, Kansas, Kentucky, Maine, Michigan, Minnesota, Montana, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Tennessee and Virginia.

Another Win for Hemp

This represents an important step toward the reestablishment of hemp as a legitimate and important crop. When President Donald Trump signed the 2018 Farm…



Read More: https://shepherdexpress.com/hemp/cannabis/new-crop-insurance-coverage-available-for-wisconsin-hemp-far/

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Source: https://shepherdexpress.com/hemp/cannabis/new-crop-insurance-coverage-available-for-wisconsin-hemp-far/

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