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PANDEMIC COVER CROP PROGRAM OFFERS PREMIUM BENEFIT TO PRODUCERS WITH CROP INSURANCE
Posted June 2, 2021
The USDA’s Risk Management Agency (RMA) has announced a new premium benefit to assist with the continuation of cover crop systems. Through the Pandemic Cover Crop Program (PCCP), farmers can preserve their cover crop systems, despite the financial impact of the pandemic. This benefit can qualify producers with crop insurance up to $5 per acre in additional premium credit if cover crops were planted during the 2021 crop year. Acreage must be reported to the U.S. Department of Agriculture’s Farm Service Agency (FSA) by June 15th. Important Takeaways Include: • PCCP applies to producers who insured their spring crop under most insurance policies and planted a qualifying cover crop during the 2021 crop year. • Premium credit is $5 per acre, but no more than the full premium owed. • To receive the benefit, producers must file a Report of Acreage form (FSA-578), with their cover crops identified with the FSA by June 15th. • Report of Acreage crop information must match crop data supplied to your crop insurance agency. • All cover crops reportable to the FSA are eligible and include grasses, brassicas, legumes, cereals, various non-legume broadleaves, and combinations of two or more cover crop species. Additional information can be found on the RMA website by selecting the following: USDA’s Pandemic Cover Crop Program Press Release. Please reach out to your agent to discuss in greater detail or call us at 863-291-3505 or 888-296-7533. We Keep You Growing!
Posted June 2, 2021
The USDA’s Risk Management Agency (RMA) has announced a new premium benefit to assist with the continuation of cover crop systems. Through the Pandemic Cover Crop Program (PCCP), farmers can preserve their cover crop systems, despite the financial impact of the pandemic. This benefit can qualify producers with crop insurance up to $5 per acre in additional premium credit if cover crops were planted during the 2021 crop year. Acreage must be reported to the U.S. Department of Agriculture’s Farm Service Agency (FSA) by June 15th. Important Takeaways Include: • PCCP applies to producers who insured their spring crop under most insurance policies and planted a qualifying cover crop during the 2021 crop year. • Premium credit is $5 per acre, but no more than the full premium owed. • To receive the benefit, producers must file a Report of Acreage form (FSA-578), with their cover crops identified with the FSA by June 15th. • Report of Acreage crop information must match crop data supplied to your crop insurance agency. • All cover crops reportable to the FSA are eligible and include grasses, brassicas, legumes, cereals, various non-legume broadleaves, and combinations of two or more cover crop species. Additional information can be found on the RMA website by selecting the following: USDA’s Pandemic Cover Crop Program Press Release. Please reach out to your agent to discuss in greater detail or call us at 863-291-3505 or 888-296-7533. We Keep You Growing!