The U.S. Department of Agriculture (USDA) is extending insurance coverage for processing sweet corn crop insurance by 10 days. Going forward, the end of insurance period date will be Sept. 30 instead of Sept. 20 in Illinois. This is a change that the USDA's Risk Management Agency (RMA) made based on feedback from sweet corn producers and processors as well as research that indicates the extension is actuarily sound.
"We're continuously trying to improve insurance coverage, and this extended time period will give producers coverage through their normal harvest period" said RMA Springfield Regional Office Director, Brian Frieden.
Processing sweet corn producers purchased roughly 1,200 policies to protect nearly $139.9 million in liabilities in 2022.
A Nov. 25 final rule made this change as well as adding the end of insurance period date to the Special Provisions, providing flexibility should RMA need to adjust the end of insurance period date in the future.
Crop insurance is sold and delivered solely through private crop insurance agents. A list of crop insurance agents is available online using the RMA Agent Locator. Producers can use the RMA Cost Estimator to get a premium amount estimate of their insurance needs online. Producers can learn more about crop insurance and the modern farm safety net at rma.usda.gov.
Categories: Illinois, Crops, Corn