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;
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.