USA - USDA Finalizes Crop Insurance Provisions of 2014 Farm Bill

12.07.2016 281 views
The USDA Risk Management Agency announced on June 29 that the final safety net provisions of the 2014 Farm Bill are now in place. With this announcement, RMA has finalized an interim rule that completes provisions such as enterprise units for irrigated and nonirrigated crops, adjustment in actual production history to establish insurable yields, crop production on native sod, beginning farmer provisions, coverage levels by practice, and the authority to correct errors. “The Farm Bill directed us to make some changes that would strengthen the safety net we provide for America’s farmers and ranchers,” said Brandon Willis, RMA’s administrator. RMA began implementing the provisions under an interim rule for the 2015 crop year. The recent action enables RMA to continue to offer and expand on the Farm Bill provisions for the federal crop insurance program. USDA received more than 350 public comments on the interim rule published July 1, 2014. Based on that feedback, RMA made changes to one part of the rule — the native sod provisions. The final rule clarifies an exception that allows producers to break up to 5 acres of native sod and not receive reduced premium subsidy on coverage of native sod acreage. All other provisions of the final rule remain unchanged. Source - http://www.lancasterfarming.com
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