Farmers who filed a prevented plant claim will automatically receive a ‘top-up’ payment. A 15 percent plussed up payment will be made to farmers with Yield Protection and Revenue Protection with the Harvest Price Option. Those without the Harvest Price Option will receive 10 percent. “This has been such a tremendously tough year for producers and frankly, insurance guarantees aren’t as high as we’d like them based on the low commodity prices,” said Martin Barbre, administrator, Risk Management Agency. Barbre says the crop insurance companies will begin making the ‘top-up’ payments in mid-October. “I applaud the companies for stepping up and signing this agreement to bring these important funds to their producers.” House Agriculture Committee Chairman Collin Peterson praised the USDA announcement, saying it will provide direct help to farmers without additional paperwork.
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