RMA to Defer Interest on Crop Insurance Premiums
To help farmers hurt by the extreme weather, USDA’s Risk Management Agency will defer the accrual of interest on 2019 crop insurance premiums until the end of January. USDA Under Secretary Bill Northey made that announcement at the National Association of Farm Broadcasting convention. The Agriculture Department had previously announced a deferral until November 20 […]
Farmers with Harvest Delays Encouraged to Contact Insurance
Farmers with a Federal crop insurance policy can now request more time to harvest crops by filing a Notice of Loss with their Approved Insurance Provider. The end of the insurance period for spring-planted wheat and barley is October 31 and is December 10 for corn and soybeans. Once the loss notice is filed, insurance […]
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 […]