The USDA’s Risk Management Agency (RMA) reminds Ohio producers of wheat and winter barley that they have until sales closing on Sept. 30 to purchase crop insurance or make a change to their existing policy.
Crop insurance protects against yield and revenue losses. Producers have a number of coverage choices, including yield coverage, revenue protection and area risk policies.
RMA also recently announced the availability of the Supplemental Coverage Option (SCO) in select counties for winter and spring wheat for the 2015 crop year. SCO is a county-level policy endorsement that can be added to an underlying crop insurance policy, and covers a portion of losses not covered by the same crop’s underlying policy. Producers electing to participate in the Farm Service Agency’s Agricultural Risk Coverage (ARC) for a crop on a farm cannot buy SCO for the same crop on the farm.
Producers applying for SCO for the 2015 winter wheat crop may withdraw coverage on any farm where they have elected, or where they intend to elect, ARC for winter wheat by the earlier of their acreage reporting date or December 15 without penalty.… Continue readingRead More »