The USDA Risk Management Agency is allowing crop insurance providers to extend deadlines for premium and administration fee payments. This allows the providers to defer interest accrual for these payments.
“USDA recognizes farmers and ranchers have been severely affected by the COVID-19 Pandemic this year and to help ease the burden on these folks, we are continuing to extend flexibility for producers,” said U.S. Secretary of Agriculture Sonny Perdue. “The flexibilities announced today support health and safety while also ensuring the Federal crop insurance program continues to serve as a vital risk management tool.”
Read the full press release.
