Feds Ease Rules For Crop Insurance
Growers will be able to make late applications for crop insurance coverage without losing their farm program benefits, the U.S. Department of Agriculture said Friday.
The late applications will be permitted because Congress and the department were late enacting crop insurance reform last year.
Late applications for basic catastrophic coverage will be extended from March 15 to April 28 for growers of spring-planted crops and for crops planted last fall.
Growers may buy additional coverage on spring-planted crops through March 15. The deadline has passed for fall-planted crops.
The department also said it was streamlining the application procedure and letting growers meet the application deadline by simply listing in a register their intent to get coverage.
Crop insurance reform requires growers to buy a basic, catastrophic policy for $50 paperwork fee to be eligible for farm program benefits.