It depends on who receives the payment and whether they continue to farm. If the person (including legal entities) who receives the payment plants the crop in the county, then they must purchase crop insurance for the next 2 crop years. If the person who receives the payment does not plant the crop in the county, then there is no requirement. For example, a spouse that assumes the policy and continues to farm must still purchase insurance. An estate that ceases to engage in farming would not be required to buy insurance.
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Tomorrow at 2:00 pm is our LRP webinar!
http://ProudToFarm.com to get registered or give us a call at the office and we can help get you registered!
And, if you couldn't already tell, it is a little windy outside today! 💨
#ProudToFarm #ProudToInsure #Proud...
Kathy is back and we are talking Livestock Risk Protection (LRP) and our upcoming webinar covering the policy in detail!
📍 - Nov. 19th
🕑 - 2:00 p.m.
http://ProudToFarm.com for more information and to get registered!
⭐️ - Deadline Reminder - ⭐️
The Sales Closing Deadline for Pasture, Rangeland, and Forage (PRF) is Nov. 16th!
Give us a call today -- we would love to provide you with historical data and a customized quote!
📞 - (800) 458-4819
#ProudToFarm #ProudToInsure #ProudToServe