Federal Crop Insurance Deadline Approaching

Federal Crop Insurance Deadline Approaching

March 4, 2021 Farm News News -- KRJB-KRJM-KKCQ 0

Ada, MN — USDA’s Risk Management Agency (RMA) reminds Iowa, Minnesota, and Wisconsin producers that the final date to apply for crop insurance for spring crops such as barley, corn, dry beans, hybrid seed corn, oats, onions, potatoes, soybeans, sugar beets, sunflowers, sweet corn, wheat, and a number of other crops is March 15 for the 2021 crop year. Current policyholders who wish to make changes to their existing coverage also have until the March 15 sales closing date to do so.

Federal crop insurance is critical to the farm safety net. It helps producers and owners manage revenue risks and strengthens the rural economy. Producers may select from several coverage options, including yield coverage, revenue protection, and area risk policies.

Norman County Extension Educator Heather Dufault says producers will likely notice an increase to their premiums when visiting with their local agent.

Producers are encouraged to visit their crop insurance agent soon to learn specific details for the 2021 crop year. Agents can help producers determine what policy works best for their operation and review existing coverage to ensure the policy meets their needs.

Crop insurance is sold and delivered solely through private crop insurance agents. A list of crop insurance agents is available online using the RMA Agent Locator. Producers can use the RMA Cost Estimator to get a premium amount estimate of their insurance needs online. Learn more about crop insurance and the modern farm safety net at www.rma.usda.gov.