Combest, Sell and Associates managing partner Tom Sell says it’s good to finally see USDA unveil the Emergency Relief Program. There are a few wrinkles in the program. “For the farmers who purchased lower levels of crop insurance, the indemnity in the current crop disaster package is stronger. Even if you bought catastrophic insurance, you can plus up to 75 percent. You’d get a new ERP indemnity based on 75 percent of your expected value of the crop.” For higher levels of crop insurance buy-ups, USDA stacks on top. “If you buy above 75 percent, then you’re stacked up to 90 percent. If you buy 80 percent insurance or more, you’re stacked up to 95 percent.” Sell says that’s a major change from the WHIP+ program that will reward farmers who protected their risk with crop insurance.
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