Weather extremes and fewer ad hoc payments make ARC, PLC insurance decisions more important for ‘21.
Government payments made up a much higher portion of farm income for the 2020 crop year, and it’s likely that won’t repeat in 2021. So, you have some important decisions to make this spring.
More than $5 billion in government payments will go out to producers who signed up for 2019 and 2020 crop year commodity programs. Federal crop insurance provided more than $113 billion in total coverage and to date has paid out over $5.8 billion indemnities for the 2020 crop year.
Ben Brown, senior research associate at the University of Missouri-Colombia, says it is important for producers to consider individual risk management goals as it relates to federal program choices. Is your goal to maximize revenue, or provide the highest level of risk protection? People often get upset if they don’t receive payments or chose a program that paid them early but failed later, he says. Avo
Shelley E. Huguley
Plains Cotton Growers seminar to focus on available 2021 crop insurance products and how they can complement or be substituted for other USDA program options. Shawn Wade to introduce growers to new crop insurance products, discuss existing policies.
Plains Cotton Growers (PCG) will host a virtual information session for producers, Feb. 16, 2021, about options available through the Federal Crop Insurance Program for the 2021 growing season.
The purpose of the seminar is to acquaint producers with the wide variety of existing and new crop insurance products offered. How those products complement, or in some instances, can be substituted for other USDA program options, will also be reviewed, according to a recent press release.
Farm bill decision 2021 is different than last year
Regional online meetings can help producers navigate the 2021 farm bill programs and crop insurance options.
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Farm bill decision 2021 is different than last year
Regional online meetings can help producers navigate the 2021 farm bill programs and crop insurance options.
Check out this story on FarmersAdvance.com: https://www.farmersadvance.com/story/news/2021/02/01/farm-bill-decision-2021-different-than-last-year/4341596001/
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