SLIDE 4 Introduction
- The United States Department of Agriculture (USDA) – Risk Management
Agency approved a pilot crop insurance program called the “Nutrient BMP Endorsement” in 1993 for corn producers in Iowa, Minnesota, Pennsylvania, and Wisconsin. y ,
– An optional endorsement to Multi‐Peril Crop Insurance or Crop Revenue Coverage for corn, – Designed to protect from the financial risk which could be incurred by growers adopting nutrient management BMPs, l f ll l f l – Contractual agreement to follow university soil fertility recommendations including nutrient crediting for manure and legume crops, – Grower implements nutrient crediting on a field, and includes a check strip of their “normal” practices, – If yield loss occurs due to the implemented BMPs, the insurer pays the producer for the loss.