Home Bisnis Crop insurance available for industrial hemp producers – Agri News

Crop insurance available for industrial hemp producers – Agri News

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WASHINGTON — Industrial hemp growers in Illinois, Indiana and 19 other states are now eligible for a new crop insurance option.

The U.S. Department of Agriculture’s Risk Management Agency announced the pilot insurance program Dec. 23 that will provide Actual Production History coverage under 508(h) Multi-Peril Crop Insurance for eligible producers in certain counties.

Other states included in the pilot program are Alabama, California, Colorado, Kansas, Kentucky, Maine, Michigan, Minnesota, Montana, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Tennessee, Virginia and Wisconsin.

Crop insurance agents can be found at rma.usda.gov.

The MPCI coverage is for hemp grown for fiber, grain or CBD oil for the 2020 crop year. It is in addition to the Whole-Farm Revenue Protection coverage available to hemp growers announced earlier.

To be eligible for the MPCI pilot program, among other requirements, a hemp producer must comply with applicable state, tribal or federal regulations for hemp production, have at least one year of history producing the crop and have a contract for the sale of the insured hemp.

Producers also must be a part of a Section…



Read More: http://www.agrinews-pubs.com/2020/01/24/crop-insurance-available-for-industrial-hemp-producers/atppjp4/

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Source: http://www.agrinews-pubs.com/2020/01/24/crop-insurance-available-for-industrial-hemp-producers/atppjp4/

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