Maine Risk Management and Crop Insurance News

USDA Introduces Enhanced Coverage Option Crop Insurance Product

USDA Introduces Enhanced Coverage Option Crop Insurance Product The U.S. Department of Agriculture’s Risk Management Agency announced that a new Federal Crop Insurance product, the Enhanced Coverage Option (ECO), will be available for 31 spring-planted crops for the 2021 crop year and is expected to be available for additional crops starting in the 2022 crop […]

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CFAP-2 Webinar Now Posted Online

CFAP-2 Explanatory Webinar Now Posted Online Last week, on 11/4/2020, there was a University of Massachusetts Extension Zoom Meeting in cooperation with the Massachusetts Farm Bureau and the USDA Farm Service Agency. The primary topic was CFAP 2. They also provided some information on risk management programs that have upcoming deadlines. Deadline to enroll in CFAP 2 […]

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Upcoming Webinars

November 6, 2020: “CFAP 2:” The USDA Coronavirus Food Assistance Program, Part 2. What Specialty Crop Producers Should Know Join Farm Credit East and the US Department of Agriculture Farm Service Agency on Friday, November 6, at 11 a.m., for a discussion of CFAP 2 focused on specialty crop producers, including floriculture and nursery crops, […]

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Apiculture Insurance Deadline – November 15!

Apiculture Insurance Deadline – November 15! The deadline to apply for Apiculture Crop Insurance is November 15, 2020. For more information about the program, please go to the USDA’s Apiculture Site. For questions regarding the above information, please contact our Crop Insurance Education Program Manager: Chris Howard at: christina.howard@maine.edu or at 207.570.2868   USDA and the […]

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Coronavirus Food Assistance Program 2 (CFAP 2)

Coronavirus Food Assistance Program 2 (CFAP 2) Producers who have experienced market difficulties and increased expenses due to the Covid-19 pandemic may be eligible for the new USDA Coronavirus Food Assistance Program 2 (CFAP 2). This program is completely distinct from the previous assistance program, so even if you were signed up for CFAP 1, you […]

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PRF Insurance Comment Period OPEN FOR 2 MORE WEEKS ONLY

PRF Insurance Comment Period OPEN FOR 2 MORE WEEKS ONLY: Here is the link to a USDA news release about a public comment period on Pasture, Rangeland and Forage Insurance.  The comment period is open until November 5, 2020.  Comments can be submitted via email to rma.kcviri@usda.gov or by mail to Director, Product Administration and Standards Division, Risk Management […]

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Changes to Federal Crop Insurance due to COVID-19

Due to COVID-19, the USDA Risk Management Agency, authorized additional flexibility to producers who are using federal crop insurance. Changes include: allowing policyholders to submit electronic notifications for production reporting etc., an extension of production reporting dates, and allowing policyholders additional time to make premium payments. As always policyholders should communicate with their crop insurance […]

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Federal Risk Management Programs Expanded to Include Maine Grown Hemp

The U.S. Department of Agriculture announced the availability of two programs that protect hemp producers’ crops from yield loss resulting from adverse weather such as drought, excess moisture, hail, frost, freeze, etc.  Maine was one of twenty-one states included in a pilot hemp Multi-Peril Crop Insurance (MPCI) program.  The MPCI program provides coverage against loss […]

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2020 Crop Insurance Deadline Approaches

March 15, 2020 is the deadline to enroll, cancel, or change policy coverage for crop insurance on spring-seeded crops in Maine such as corn, sweet corn, barley, oats, spring wheat, and potato.  Those producing other, “non-insurable” spring-seeded crops such as tomatoes, pumpkins, squash, etc. may seek coverage through the Non-insured Crop Disaster Assistance Program (NAP) available through the Farm […]

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Hemp Crop Insurance Pilot 

Qualified hemp growers in Maine will be eligible for a hemp crop insurance pilot program.  The Multi-Peril coverage is for hemp grown for fiber, grain or CBD oil for the 2020 crop year. Policy details are forthcoming.  The deadline to enroll for 2020 coverage is March 15, 2020. To learn more, contact a private licensed crop […]

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