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Balanced Reporting. Trusted Insights.
Tuesday, January 31, 2023
FSA on Monday launched 2023 enrollment for the Dairy Margin Coverage Program, the farm bill safety net tool that issues payments when production margins fall below a level set by producers during enrollment.
A new report by USDA’s Economic Research Service demonstrates how federal risk management programs have changed and attracted more specialty crop producers, while also investigating the decision-making process for participation.
A crop insurance product that allows farmers to insure their entire operation under one policy has seen ups and downs since it became available under the 2014 farm bill. Whole Farm Revenue Protection (WFRP) grew out of the former Adjusted Growth Revenue and AGR-lite pilot programs that date back to 2008.
House Agriculture Committee Chair David Scott, D-Ga., said the committee is working on permanent disaster legislation to help farmers recover financially from natural disasters, but skeptics say developing a good framework could be challenging.
Ahead of what could be another severe wildlife season, a new tool uses air quality and atmospheric data to give farmers up-to-the-minute information about crop risk.
The debate over climate policy usually includes some discussion about whether the U.S. crop insurance system should be changed to either incentivize more conservation or better address weather threats. Yet two experts said this public-private partnership is already reflecting changes in climate and new innovations in agriculture, with the potential for more targeted improvements to come.
USDA’s Risk Management Agency will move premium dates and boost subsidies under the Livestock Risk Protection insurance program meant to protect producers against price declines.
