Crop Insurance Interest Accrual Deferred

USDA’s Risk Management Agency will defer accrual of interest for all farmer’s spring 2019 crop year premiums, due to the extreme weather conditions, for two months or until November 30. That’s for all policies with a premium billing date of August 15. According to the USDA, any premium not paid by one of these new deadlines will accrue interest consistent with terms of the policy. Without the deferral, policies with an August 15 premium billing date would have an interest attach starting October 1 if policies weren’t paid by September 30.

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Founded in 1976, Northarvest Bean Growers Association (NBGA) represents the largest group of dry bean farmers in America, working together to fund research, promote, and produce the finest beans in the world.

NBGA works to better the dry bean industry through promotion, field & nutrition research, market development, monitoring governmental policy, advocating for greater consumer choices, and focusing on the needs of our producers.

NBGA advocates for its 2,400+ farm families across MN & ND that grow dry beans and is committed to strengthening the relationship between growers, industry partners, and consumers across the world.

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