soybean

USDA releases soybean risk management fact sheet

The United States Department of Agriculture (USDA) has released more details on its 2017 crop insurance program. 

Growers are eligible to insure soybeans if: 

  • They are grown on insurable acreage;
  • Premium rates are provided; 
  • You have a share; and
  • They are planted for harvest as beans.

If  you are insured, you are protected against the following: 

  • Adverse weather conditions such as hail; frost, freeze, wind drought and excess moisture;
  • Failure of irrigation water supply, if caused by an insured cause of loss during the insurance period;
  • Fire, if due to natural causes;
  • Plant disease and insects, but not damage due to insufficient or improper application of pest or disease control measures;
  • Wildlife.

The earliest planting date for 2017 is April 21, with June 10 as the final planting date.

For more information on USDA’s soybean crop insurance program, click here