Maine Risk Management and Crop Insurance News

More Information About PPP Deadline Extension

The PPP application deadline has been extended again: SBA is currently offering PPP loans until May 31, 2021. President Biden announced program changes to make access to PPP loans more equitable. Your farm, even seasonal with no formal payroll, may be eligible for this program. Find an eligible lender in your area. For questions regarding the above information, please contact our Crop […]

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USDA will reopen CFAP 2

USDA will reopen CFAP 2 USDA will reopen CFAP 2 signup for all eligible producers beginning April 5, 2021. A deadline for signup will be announced at a later date. Learn more on the USDA Website.   For questions regarding the above information, please contact our Crop Insurance Education Program Manager: Chris Howard at: christina.howard@maine.edu […]

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Pandemic Assistance for More Producers

USDA Announces ‘Pandemic Assistance for Producers’ to Distribute Resources More Equitably The USDA plans to reopen sign-up for CFAP 2 for at least 60 days beginning on April 5, 2021. The USDA Farm Service Agency (FSA) has committed at least $2.5 million to improve outreach for CFAP 2 and will establish partnerships with organizations with […]

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PPP Application Deadline is March 31, 2021

Paycheck Protection Program Overview Now Online Reminder that the application deadline for the Paycheck Protection Program (PPP) is March 31. The UMass Extension Risk Management Education Program conducted a Zoom Meeting on the Paycheck Protection Program (PPP) on Tuesday, February 23, 2021. The meeting was intended for agricultural producers who did not participate in the PPP during […]

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CFAP-2 USDA Offers Additional Assistance

CFAP-2 USDA Offers Additional Assistance On January 15, 2021, The U.S. Department of Agriculture (USDA) announced it will provide additional assistance through the Coronavirus Food Assistance Program (CFAP), expanding eligibility for some agricultural producers and commodities as well as updating payments to accurately compensate some producers who have already applied for the program. Producers who […]

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USDA Announces Expansion and Improvements to Hemp Crop Insurance

USDA Announces Expansion and Improvements to Hemp Crop Insurance   The U.S. Department of Agriculture announced today (Nov. 30th) it is expanding the pilot Multi-Peril Crop Insurance Plan for hemp. The expansion, as well as other improvements to the plan, will begin in the 2021 crop year. Improvements include: Sales closing, cancellation, production reporting and […]

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UMaine Extension Offers Forage and Crop Insurance Webinar for Livestock Owners

University of Maine Extension Offers Forage and Crop Insurance Webinar for Livestock Owners (Dec. 9) University of Maine Cooperative Extension will offer two opportunities for livestock owners to get updates on forage resources and crop insurance, starting at 10 a.m and again at 6 p.m. on Wednesday, December 9, 2020. The Webinar, “Got Livestock, Need […]

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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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