Federal Crop Insurance Presented by the USDA Risk Management Agency - - PowerPoint PPT Presentation
Federal Crop Insurance Presented by the USDA Risk Management Agency With Nick Gans Disclaimer The purpose of the following material is to promote awareness of risk management concepts and to highlight USDAs risk management products,
With Nick Gans
The purpose of the following material is to promote awareness of risk management concepts and to highlight USDA’s risk management products, features, benefits and availability. This material does not change the content or the meaning
approved procedures.
▪ Multi Peril Crop Insurance for Canola and Mustard ▪ Written Agreements ▪ Important Dates ▪ Cost Estimator ▪ Agent Locator
▪ The United States Department of Agriculture’s (USDA) Risk Management Agency (RMA) was created in 1996 ▪ Serve America’s agricultural producers by strengthening economic stability ▪ Responsible for increasing effectiveness and awareness ▪ Maintain public-private partnership with Approved Insurance Providers (AIP)
– Responsible for selling and servicing insurance policies
▪ Faster way to support agriculture after catastrophic weather even
All crop insurance policies are available from private crop insurance agents. A list of crop insurance agents is available at any USDA service center or on the RMA website at www.rma.usda.gov/tools/a gent.html
▪ Idaho - Bannock, Benewah, Bingham, Blaine, Bonner, Bonneville, Boundary, Caribou, Cassia, Clearwater, Fremont, Gooding, Idaho, Jefferson, Jerome, Kootenai, Latah, Lewis, Lincoln, Madison, Minidoka, Nez Perce, Oneida, Power, Teton, and Twin Falls counties. . ▪ Oregon – Gilliam, Morrow, Sherman, Umatilla, Union, Wallowa, and Wasco counties. ▪ Washington - Adams, Asotin, Columbia, Douglas, Garfield, Klickitat, Lincoln,
Okanogan, Pend Oreille, Spokane, Stevens, Walla Walla, and Whitman counties. ▪ Grant County, WA-currently under evaluation ▪ *Coverage may be available by written agreement in other counties. Submit requests to your crop insurance agent.
▪ Rates and transitional yields are established by county
▪ Idaho - Bannock, Benewah, Bingham, Bonneville, Caribou, Cassia, Fremont, Idaho, Jefferson, Latah, Lewis, Nez Perce, and Power counties. ▪ Oregon – Umatilla County ▪ Washington – Asotin, Columbia, Garfield, Lincoln, Spokane, Walla Walla, and Whitman counties.
▪ *Coverage may be available by written agreement in other counties. Submit requests to your crop insurance agent.
▪ Rates and transitional yields are established by county
Oilseed Crops
Insurance Availability
Lincoln Spokane Whitman Benewah Walla Walla Umatilla Idaho Columbia Latah Garfield Asotin Nez Perce Lewis
Mustard/Canola
Fremont Jefferson Bonneville Bingham Cassia Caribou Power Bannock
Canola
Okanogan Douglas Klickitat Stevens Pend Oreille Boundary Bonner Kootenai Clearwater Adams Wallowa Union Morrow Gilliam Sherman Wasco Blaine Twin Falls Oneida Madison Teton Gooding Lincoln Jerome Minidoka
*Spring only: Blaine, Bonneville, Fremont, Jefferson, Madison, Teton
Adams Franklin Washington
Mustard/Canola/Safflower Mustard/Canola/Flax
▪ Talk with an agent ▪ Request goes from agent, to AIP underwriter, to RMA Regional
▪ RMA Regional Office looks at request ▪ RMA evaluates each request individually
– No guarantee request will be approved
▪ Three years of growing crop or similar crop production ▪ Separate request for each producer and for each county which producer requests a change ▪ Only can accept requests for crops RMA insures ▪ For initial year, due by cancellation date
– Canola-8/31 – Mustard-3/15
▪ For renewal requests, due by sales closing date
– Canola-8/31 for fall types and 3/15 for spring types – Mustard-3/15
▪ You are protected against the following:
– Adverse weather conditions; – Earthquake; – Failure of irrigation water supply, if caused by an insured peril that
– Fire, if caused by an insured peril during the insurance period – Insects, but not due to insufficient or improper application of control measures – Plant disease, but not damage due to insufficient or improper application of control measures; – Volcanic eruption; or – Wildlife. – Harvest price decline, when revenue protection is in effect, a decline in the harvest price below the projected price
▪ Canola only
Actual Production History (APH) Yield Protection (for crops with Revenue Protection) Revenue Protection Revenue Protection with Harvest Price Exclusion Yield and Revenue Plans Production Only Plans APH crops: Flax, Mustard, Safflower Yield Protection: Canola/Wheat, Barley, etc. Revenue Protection: Canola/Wheat, Barley, etc. CAT coverage: All
▪ Both-Insurance will not attach to any acreage on which canola, mustard, or rapeseed were planted the preceding crop year ▪ Canola-For fall types, only insure irrigated and summerfallow ▪ Mustard-have to have contract for insurability ▪ Prices
– Canola-price is supplied by RMA – Mustard-will use contract price
▪ Sales Closing: Dates
– Fall and spring types………………………………………………………August 31 2017 – Spring types
▪ Acreage Report Date:
– Spring types……………………………………………………………………….July 15, 2018 – Fall types……………………………………………………….......………Decembe r 15 2017
For each crop year that the policy remains continuously in force, coverage begins on the day immediately following the end of the insurance period for the crop year before.
▪ Sales Closing: Dates
– All types…………………………………………………….……………………Mar ch 15, 2018
▪ Acreage Report Date:
– All types……………………………………………………………………………… July 15 2018
For each crop year that the policy remains continuously in force, coverage begins on the day immediately following the end of the insurance period for the crop year before.
▪ Washington Canola-54% ▪ Washington Mustard-86% ▪ Washington Wheat-89%
▪ Contact a Crop Insurance Agent. ▪ Go to rma.usda.gov for Cost Estimator and Agent Locator
– Under quick links
▪ Grant County Canola still in process ▪ Hybrid Canola Seed potential?
USDA/Risk Management Agency Spokane Regional Office 11707 E Sprague Ave., #201 Spokane Valley, WA 99206 Telephone: (509) 228-6320 Email: rsowa@rma.usda.gov Nick Gans nick.gans@rma.usda.gov Don Kaufman don.kaufman@rma.usda.gov