The USDA has announced that the farm bill implementation will go ahead with two more updates.
According to the USDA, the implementation of the farm bill is continuing forward with new changes that will be made to the crop insurance regulations, which will impact both coverage and the types of options that are available to farmers.
The farm bill changes will lead to an increase in the coverage levels for farmers through their insurance.
Farmers will be able to obtain more coverage levels through the changes in the crop insurance regulations. It will also give them an expansion in the number of options that they have available to them. According to Tom Vilsack, the USDA Secretary, the improvements have been designed to be able to offer enhanced protection from a range of perils including (but not limited to) market volatility, weather disaster, and others. The provisions for beginning farmers will make this type of insurance policy coverage more affordable.
The crop insurance changes will also give farmers greater support after having experienced considerable losses.
In a statement from the USDA, Vilsack said that this coverage “is critical to the ongoing success of today’s farmers and ranchers and our agriculture economy. These improvements provide additional flexibility to ensure families do not lose everything due to events beyond their control.”
The Risk Management Agency of the USDA made a filing for an interim rule with the Federal Register on Monday of this week, which gave the USDA the ability to progress with the various provisions in the farm bill that have to do with this insurance for farmers.
The provisions give producers the chance to be able to have enterprise units for both non-irrigated and irrigated crops, while it offers ranchers and farmers the opportunity to buy different coverage levels for a range of different practices in irrigation, to offer conservation compliance guidance, and to put protections into place for native sod, while making adjustments to historical yields after a sizeable disaster has occurred, said the USDA’s statement.
The interim crop insurance rule can be accessed by the public on the USDA’s Federal Register. Any comments on this rule must be submitted, in writing, by September 2, 2014.
