Farms.com Home   News

Forage Crop Insurance Still Evolving

This spring’s constantly changing weather in Pennsylvania has resulted in lower forage yields than many producers were planning. Perhaps this has them rethinking their decision to not get forage crop insurance. Insuring forage crops is a relatively new program and is going through some changes until the kinks are worked out of it.

The USDA-RMA (Risk Management Agency) is currently working on changes for 2016. First, it looks like the RMA forage insurance program will be headed towards creating an Actual Revenue History policy where producers will need to have historical documentation of forage yield and quality. So if someone is considering forage insurance at some point in the future, encourage them to keep their historical forage yield and quality information or else start collecting it NOW!

Second, did you know that Pennsylvania is only one of 19 states to offer a Forage Seeding insurance program (see map below)? Plans are being considered to expand the program for 2016 but for now, Pennsylvania, New Jersey and West Virginia are all alone in the Eastern United States.

Source:psu.edu


Trending Video

Hedge Fund Buying in Soybeans Continues + U.S. Supreme Court Strikes down Trump’s Tariffs!

Video: Hedge Fund Buying in Soybeans Continues + U.S. Supreme Court Strikes down Trump’s Tariffs!


Better technicals, hedge fund buying on hope of more Chinese and soy oil demand optimism from new U.S. biofuel policies in 2026 is a BIG WIN! Could the U.S. supreme courts ruling that struck down Trump's tariffs derail the Chinese buying of U.S. soybeans? USDA Ag Outlook Forum projections this week were friendly corn, neutral soybeans and bearish wheat BUT……. Wildfires in the U.S. Plains another warning sign of a possible drought in 2026 + March First Day Notice blues and more.