USDA Offers New Crop Insurance Pilot Program for Nursery Crops in 2021

A recent news update from USDA’s Risk Management Agency (RMA) stated that, “The [RMA] today announced a new crop insurance pilot program, Nursery Value Select (NVS), for crop year 2021. NVS is another crop insurance option for nursery crop producers, including those growing hemp, in addition to the Nursery crop insurance program.

“NVS is available in select counties in Alabama, Colorado, Florida, Michigan, New Jersey, Oregon, Tennessee, Texas and Washington to persons operating nurseries that meet certain criteria. The deadline to purchase NVS insurance, or the Sales Closing Date, is May 1, 2020, for Alabama, Florida, New Jersey and Texas and September 1, 2020, for Colorado, Michigan, Oregon, Tennessee and Washington.

“‘We’re happy to introduce a new insurance option for nursery producers,’ RMA Administrator Martin Barbre said. ‘We look forward to working with producers to fine-tune this new pilot program over time and welcome all feedback.'”

The RMA update added that, “USDA has also announced an insurance coverage option for hemp growers for the 2020 crop year, including through Whole Farm Revenue Protection and the Multi-Peril Crop Insurance pilot [click here and here for additional information]. Crop insurance is sold and delivered solely through private crop insurance agents. A list of crop insurance agents is available at all USDA Service Centers and online at the RMA Agent Locator. Learn more about NVS at:”

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