Hemp Will Qualify For New Crop Insurance Pilot Program Next Year, USDA Announces

Hemp Will Qualify For New Crop Insurance Pilot Program Next Year, USDA Announces

Hemp farmers in 21 states will be eligible for a new crop insurance pilot program starting next year, the U.S. Department of Agriculture (USDA) announced on Monday. The program will provide Actual Production History coverage, which insures farmers against yield losses associated with natural causes like drought and disease. Only those who’ve cultivated hemp in accordance with a 2014 Farm Bill pilot program or federal regulations laid out in USDA’s interim final rule in October qualify. They must also have grown hemp for at least one year. Crops that are cultivated for fiber, grain or CBD oil would be eligible for coverage. “We are excited to offer coverage to certain hemp producers in this pilot program,” Martin Barbre, the administrator for USDA’s Risk Management Agency, said in a press release. “Since this is a pilot program, we look forward to feedback from producers on the program in the coming crop year.” A new #cropinsurance option will be available in 2020 for hemp growers in select counties of 21 states. Read more: https://t.co/2UTFN0A90t pic.twitter.com/Mp08WYv21A — usdaRMA (@usdaRMA) December 23, 2019 For now, the pilot program will be available in certain counties in Alabama, California, Colorado, Illinois, Indiana, Kansas, Kentucky, Maine, Michigan,…

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Source : MJ moment
Link to original : Hemp Will Qualify For New Crop Insurance Pilot Program Next Year, USDA Announces
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