USDA expands crop insurance for hemp producers

Thinkstock Hemp plants
Select counties in Arizona, Arkansas, Nevada and Texas added to USDA's Multi-Peril Crop Insurance plan beginning in 2021.

USDA is expanding the pilot Multi-Peril Crop Insurance (MPCI) plan for hemp. The expansion, as well as other improvements to the plan, will begin in the 2021 crop year.

“We are pleased to expand the hemp program and make other improvements for hemp producers,” said USDA’s Risk Management Agency Administrator Martin Barbre. “Hemp offers exciting economic opportunities for our nation’s farmers, and we are listening and responding to their risk management needs.”

The changes include:

  • Expanding the program: New states included: select counties in Arizona, Arkansas, Nevada and Texas. 13 new counties in states with existing coverage: Conejos, CO; La Plata, CO; Moffat, CO; Routt, CO; San Miguel, CO; Kenton, KY; Whitley, KY; Houghton, MI; Granite, MT; San Miguel, NM; Valencia, NM; Scott, TN; Alleghany, VA
  • Allowing broker contracts for hemp grain
  • Adjusting program, reporting and billing dates: Sales closing, cancellation, production reporting and termination dates adjusted to match dates of similar crops.
  • Acreage Reporting Dates adjusted based on regional final planting dates
  • Premium billing dates for all states changed to August 15

For specific information on dates by county, see RMA’s Actuarial Information Browser.

For more information on USDA risk management programs for hemp producers, visit farmers.gov/hemp.

Crop insurance is sold and delivered solely through private insurance agents. A list of insurance agents is available online using the RMA Agent Locator.

Source: USDA RMA, which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset. 
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