Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
    
   
   
   
   
   

Agricultural News


USDA Expands Farm Safety Net, Offers Greater Flexibility for Beginning, Organic and Produce

Thu, 27 Aug 2015 17:26:02 CDT

USDA Expands Farm Safety Net, Offers Greater Flexibility for Beginning, Organic and Produce U.S. Agriculture Deputy Secretary Krysta Harden Thursday announced that Whole-Farm Revenue Protection insurance will be available in every county in the nation in 2016. The U.S. Department of Agriculture (USDA) is also making changes to the policy to help farmers and ranchers with diversified crops including beginning, organic, and fruit and vegetable growers, better access Whole-Farm Revenue Protection.


"Whole-Farm Revenue Protection insurance allows producers who have previously had limited access to a risk management safety net, to insure all of the commodities on their farm at once instead of one commodity at a time," said Deputy Secretary Krysta Harden. "That gives them the option of embracing more crop diversity on their farm and helps support the production of a wider variety of foods."


USDA's Risk Management Agency (RMA) introduced the Whole-Farm Revenue Protection pilot program for a majority of counties in the 2015 insurance year. Starting with the 2016 insurance year, the new program will be available in all counties in the United States, a first for the federal crop insurance program.


USDA also provided additional flexibility to producers by making the following changes, including:


-- Beginning Farmers and Ranchers RMA makes it easier for more beginning farmers and ranchers to participate in the program by reducing the required records from five to three historical years, plus farming records from the past year. Additionally, any beginning farmer and rancher may qualify by using the former farm operator's federal farm tax records if the beginning farmer or rancher assumes at least 90 percent of the farm operation


-- Livestock Producers RMA removed the previous cap that limited participants to those who received 35 percent or less of their income from livestock production. Producers will now be able to insure up to $1 million worth of animals and animal products.


-- Expanding Operations RMA increased the cap on historical revenue for expanding operations to 35 percent from its previous 10 percent to better allow growing farms the opportunity to cover their growth in the insurance guarantee.


Whole-Farm Revenue Protection includes a wide range of available coverage levels, provides coverage for replanting annual commodities, includes provisions that increase coverage for expanding operations, and allows the inclusion of market readiness costs in the coverage. The policy is tailored for most farms, including farms with specialty or organic commodities (both crops and livestock), or those marketing to local, regional, farm-identity preserved, specialty, or direct markets. The policy covers farms or ranches with up to $8.5 million in insured revenue.


For more information, including product availability, visit the RMA Whole-Farm Web page. Crop insurance is sold and delivered solely through private crop insurance agents. A list of crop insurance agents is available at all USDA Service Centers and online at the RMA Agent Locator. Learn more about crop insurance and the modern farm safety net at www.rma.usda.gov.


Whole-Farm Revenue Protection is a provision of the 2014 Farm Bill, which builds on historic economic gains in rural America over the past six years, while achieving meaningful reform and saving billions of taxpayer dollars. To date, USDA has implemented many provisions of this crucial legislation, providing disaster relief to farmers and ranchers; strengthening risk management tools; expanding access to rural credit; funding critical research; establishing innovative public-private conservation partnerships; developing new markets for rural-made products; and investing in infrastructure, housing and community facilities to help improve quality of life in rural America. For more information, visit www.usda.gov/farmbill.


   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Wednesday, June 3  Wed, 03 Jun 2020 15:43:29 CDT
  • Wednesday, June 3, 2020 Market Wrap-Up with Justin Lewis  Wed, 03 Jun 2020 14:55:42 CDT
  • , 2020 Market Wrap-Up with Justin Lewis  Wed, 03 Jun 2020 14:52:08 CDT
  • Raegan Klassen, Kale Miller, Landri Chaplin and Jentry Squires Named State FFA Stars for 2020  Wed, 03 Jun 2020 14:45:55 CDT
  • Oklahoma Wheat Commission's Mike Schulte Says Wheat Harvest in the State around 8 Percent Complete   Wed, 03 Jun 2020 16:17:00 CDT
  • Oklahoma Youth Expo Announces the Summer Spectacular Livestock Clinic on July 17  Wed, 03 Jun 2020 13:21:31 CDT
  • Road to Rural Prosperity--State Representative Harold Wright Talks about His Years in the Oklahoma House and a Lifetime in Radio  Wed, 03 Jun 2020 10:07:20 CDT
  • This Weeks Ag in the Classroom Features Ag Around the World Wednesday with Watermelons!   Wed, 03 Jun 2020 10:03:34 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma City Farm Show KIS FUTURES, INC. Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.