Recently USDA announced the Market Facilitation Program (MFP) to assist producers due to the ongoing trade disputes. To assist producers understand the MFP process, Olivia Kuykendall and Paul Goeringer with the Department of Agricultural and Resource Economics have recently released a fact sheet covering this issue.Read More
Happy Friday everyone. Due to the break last week, we have lots of news for you today. Read on about GMO labeling updates, chick culling, and upcoming dairy meetings.Read More
The 2014 Farm Bill created Supplemental Coverage Option (SCO), a new add-on crop insurance option which provides supplemental coverage on a producer’s underlying crop insurance policy. SCO operates by mimicking a producer’s individual crop insurance coverage and increasing the protection to 86 percent of the producers APH yield and price election. An SCO loss payment occurs when the county average actual yield (by NASS) is less than 86 percent of the actual county average yield.
SCO became available with the 2015 crop year in select Maryland counties for winter wheat, and all corn and soybean counties except Allegheny and Garrett. USDA’s Risk Management Agency (RMA) will begin looking at expanding covered counties and crops covered, and begin distinguishing by practices (such as irrigated compared to non-irrigated).Read More
This week, a new crop insurance publication was released and an update of an existing publication was released. Federal Crop Insurance is Part of Farm Safety Net for Maryland Potato Producers (FS-981) was authored by Sudeep A. Mathew, Paul Goeringer, and Lori Lynch. Currently potato crop insurance is only available in Kent, Queen Anne’s, and Worcester counties in Maryland, but producers in other counties can talk with their local crop insurance agent to get coverage by written agreement. Producers can choose coverage levels from the 50 percent to the 75 percent levels at 5 percent increments. The insurance available is yield protection. Click here to view the potato crop insurance publication.Read More