MPCI hemp insurance expanded to more states, counties.


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USDA’s Risk Management Agency has expanded and made a few improvements in the pilot Multi-Peril Crop Insurance (MPCI) plan for hemp for the 2021 crop year. “Hemp offers exciting economic opportunities for our nation’s farmers, and we are listening and responding to their risk management needs,” said RMA Administrator Martin Barbre. For 2021, the program will be expanded to include select counties in Arizona, Arkansas, Nevada and Texas. In addition, coverage will be available in 13 new counties in states with existing coverage: Conejos, CO; La Plata, CO; Moffat, CO; Routt, CO; San Miguel, CO; Kenton, KY; Whitley, KY; Houghton, MI; Granite, MT; San Miguel, NM; Valencia, NM; Scott, TN; Alleghany, VA. Other changes include allowing broker contracts for hemp grain and adjustments in reporting and billing dates. Crop insurance is sold and delivered solely through private insurance agents. A list of insurance agents is available online using the RMA Agent Locator.
For more news, go to: www.Agri-Pulse.com

Originally Published on 2020 12 02 by | “hemp” – Google News


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