The U.S. Department of Agriculture has issued a reminder to growers with regards to 2014 Farm Bill requirements. A reminder has now been issued by the U.S. Department of Agriculture (USDA) to growers who wish to ensure that they are eligible for crop insurance, as they will also need to make a filing at their local USDA service center, of a Highly Erodible Land Conservation and Wetland Conservation Certification form (AD-1026). This form needs to be filed by June 1, 2015 in order to obtain premium support from the insurance…
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Crop insurance gets a boost from the USDA in 2014 Farm Bill
The U.S. Department of Agriculture has now announced broader options for farmers and ranchers. The USDA has now announced that it will continue with the implementation of the 2014 Farm Bill that are designed to increase the coverage options for crop insurance for farmers and ranchers. Among the new provisions that is going to be added is the Supplemental Coverage Option (SCO). That provision will be available through the federal crop insurance program and will be administered by the Risk Management Agency (RMA). It is expected to become effective during…
Read MoreCrop insurance changes are on their way once again
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…
Read MoreCrop insurance receives more legislative attention in the US
Legislators again consider crop insurance reforms Crop insurance in the U.S. is often criticized as being a major financial drain on the federal government. This type of insurance coverage is part of the federal government’s safety net for farmers, which is meant to provide farmers with financial support in the event of natural disasters and to ensure that they have an incentive to produce crops. The country’s crop insurance program has become the target for those seeking reform, with some federal lawmakers suggesting that the program encourages farmers to adopt…
Read MoreCrop insurance subsidy limits applauded by reformers
Those in favor or restrictions of this nature gave their praise to a U.S. House of Representatives vote. Reformers for the crop insurance subsidy gave their approval to a vote that was held by the U.S. House of Representatives that would require the wealthier growers to have to pay more in order to take part in the federally subsidized program. This is also the first time that an eligibility limit has been placed on this highly expensive program. The federal crop insurance program is already costing the country $9 billion…
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