USDA releases crop insurance agreement
USDA’s Risk Management Agency (RMA), which administers the Federal crop insurance program, has released a second draft of a proposed new Standard Reinsurance Agreement (SRA), which establishes the terms, roles, and responsibilities for both the USDA and insurance companies that participate in the Federal crop insurance program. The first draft was released Dec. 4, 2009. The […]
Crop insurance carries the day for otherwise good crops
It wasn’t a bumper wheat crop, but the yields were respectable nonetheless. In some cases, in fact, they were darn good, beating out county averages. In something of an ironic twist, however, crop insurance was the icing on the cake. Bottom line, crop insurance is making up what farmers lost in the price of wheat, even though […]
