Deadline for Aquaculture Crop Assistance – September 1, 2017
Attention Maine Aquaculture Producers
September 1, 2017 is the deadline to enroll in the Non-insured Crop Disaster Assistance Program (NAP) for coverage on aquaculture crops including oysters, mussels, seaweed, etc. This program is administered through the USDA Farm Service Agency (FSA).
Interested in learning more?
An informational webinar hosted by FSA and UMaine Cooperative Extension will discuss the NAP program and a crop insurance program, Whole Farm Revenue Protection. The webinar will be available in mid-August. For immediate assistance, contact FSA at 207.883.0159, extension #2 or http://www.fsa.usda.gov/me.
What is NAP?
The NAP program provides financial assistance to producers when low yields, loss of inventory, or prevented planting occurs due to a natural disaster including freeze, flood, insect infestation, disease, etc.
How are losses determined?
The crop must be unmarketable to be considered a loss. NAP assistance is determined by comparing the value of inventory immediately before a disaster to the value of inventory immediately after a disaster.
How much does NAP cost?
The cost for this program will depend on the level of coverage selected by the producer. The minimum cost is a $250 per crop service fee for catastrophic level coverage; and the maximum premium for buy-up coverage is $6,563. The FSA will waive NAP service fees and reduce buy-up premiums by 50% for beginning farmers (one who has not operated a farm or ranch for more than 10 years), limited resource farmers, or historically under served farmers.
The University of Maine Cooperative Extension is in partnership with the USDA Risk Management Agency to deliver risk management education in Maine.