Crop Insurance
The Senate Committee on Ag, Nutrition and Forestry held the first 2023 Farm Bill hearing in early May. Hearing attendees agreed the 2023 Farm Bill should echo elements in the current bill and address new topics.
Farmers Who Gain From Tax Bill Wary of Losing Subsidies Later
Weather challenges this spring tugged total crop acres down for 2022. USDA’s Farm Service reports farmers were unable to plant on 6.387 million acres.
Talk to your crop insurance agent now to see if margin protection coverage is a good fit for your operation. The deadline for it is Sept. 30.
It’s time to make a plan. Projections show you will face higher costs and lower returns for 2023. See if Margin Protection crop insurance can help you manage risk.
The guidelines you need to follow to file and participate in the new ERP are not simple, says Paul Neiffer, a principal with CliftonLarsonAllen. He addresses what roadblocks farmers might encounter in the process.
A comprehensive crop insurance plan creates a great foundation for your farm. It helps you manage risk and determine what other marketing tools to use.
Seth Meyer, USDA chief economist, hints crop insurance price guarantee for 2022 may hit $5.80 in corn and $14.11 for soybeans.
In 2021, the first year the program was made available, producers enrolled 12.2 million acres of cover crops in PCCP, capturing a collective $59.5 million in premium subsidies.
Consider these crop insurance products for 2022.