University of Maryland Extension

Crop Insurance

Crop insurance represents a key element in a farmer’s risk management plan.  Crop insurance provides financial protection to farmers encase of a natural disaster or crop failure.  To provide financial protections, USDA’s Risk Management Agency (RMA) approves, subsidizes, and regulates policies that protect against risks associated with yield and risks associated with revenue.  These policies are sold by private insurance agents to find an agent visit http://www.rma.usda.gov/tools/agent.html.  Federal crop insurance is currently available for over 100 different crops.  For crops not eligible for coverage under a crop insurance policy, USDA’s Farm Service Agency offers the Noninsured Assistance Program (NAP) for those crops not currently eligible for crop insurance coverage.  Both crop insurance and NAP provide producers with protections against natural disasters or crop failures and help to ensure that farmers will survive the disasters.

2014 Farm Bill Makes Changes to the Noninsured Crop Disaster Assistance Program

Beyond Crop Insurance: Overview of the 2012 Disaster Assistance

Crop Insurance For Maryland Field Crops and Livestock by Jay Harper, Penn State University, and Paul Goeringer, University of Maryland.  July, 2016. 

Federal Crop Insurance Program Expands in 2016 and 2017 to Cover More Organic Crops(link is external) by Paul Goeringer and Howard Leathers. July 2017.

Management Tool of Last Resort: Bankruptcy Offers Protections to Qualifying Agricultural Operations and Fishermen to Restructure Business and Survive Tough Economic Times by Mason Grahame and Paul Goeringer. October 2017.

New Beginning Producer Crop Insurance Benefits From 2014 Farm Bill

New Crop Insurance Option for Diversified Operations:  Whole Farm Revenue Protection

Quick Look at Yield Exclusion Option in 2014 Farm Bill (July 2015)

Supplemental Coverage Option Now a Part of the Federal Crop Insurance Program

Trend-Adjusted Yield Option Introduced for Crop Insurance

Earliest Soybean Planting Dates by Maryland Counties for Crop Insurance Eligibility

Final Soybean Planting Date by Maryland Counties for Crop Insurance Eligibility

Earliest Corn Planting Dates by Maryland Counties for Crop Insurance Eligibility

Final Corn Planting Dates by Maryland Counties for Crop Insurance Eligibility

 

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