Our weekly update of news and upcoming events. Happy Friday!Read More
We’ve already looked back together at the top ag law developments for 2015. Now it’s time to review the top developments with U.S. farm programs for this year. 2015 has seen the U.S. Department of Agriculture (USDA) continue to work to implement the 2014 Farm Bill. Let’s reflect on the top developments in 2015.Read More
Two new publications have recently been completed as a part of the Maryland Crop Insurance Education Program. These publications represent a diverse set of risk management education topics. To see more of our crop insurance publications, click here.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