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.
RMA Crop Indemnities 2020
Groundwork is a must-listen podcast for policymakers, farmers and ranchers, media, and all interested in agricultural policy. Hear straight from the heartland of America – no filler, just the facts. • America’s Proud Tradition of Strong Farm Policy Featured on Latest Groundwork Podcast | July 2, 2020
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🟠 2021 Barley & Wheat Projected Prices have been announced! 🟠
Barley - $3.27/bushel
Wheat - $4.90/bushel
🗓 - Sales Closing Date is Sept. 30th!
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USDA announces increased subsidies and other improvements to the Livestock Risk Protection (LRP) Insurance Program!
Visit http://ProudToFarm.com for more information and feel free to give us a call if you have any questions!
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As harvest gets underway, you can go ahead and report completed production to our office! Let us know if you have any questions!
📞 - (800) 458-4819
And make sure to send and tag us in all of your harvest pics!
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