facebook_pixel

USDA Implements Key Farm Bill Crop Insurance Provision

The U.S. Department of Agriculture (USDA) has implemented the new Supplemental Coverage Option (SCO) – one of the provisions of the 2014 Farm Bill – to help strengthen and expand insurance coverage options for farmers and ranchers.

The 2014 Farm Bill strengthens and expands crop insurance by providing more risk management options for farmers and ranchers and by making crop insurance more affordable for beginning farmers. SCO, which is administered by the Risk Management Agency (RMA) and will begin with the 2015 crop year, helps strengthen the farm safety net and protect producers from yield and market volatility.

“America’s agricultural producers work hard to produce a sufficient amount of safe and nutritious food for the country,” said Secretary Tom Vilsack. “It’s critical that they have crop insurance options to effectively manage risks and ensure that they do not lose everything due to events beyond their control.

“Following the 2014 Farm Bill signing, USDA has made it a priority to ensure the Supplemental Coverage Option was available to help farmers in this upcoming crop year.”

SCO will be available for cotton, corn, grain sorghum, rice, soybeans, spring barley, spring wheat, and winter wheat in selected counties for the 2015 crop year. RMA plans to make SCO more widely available by adding more counties and crops to the program, and those additions will be announced later this summer.

Producers planning to grow winter wheat should contact their crop insurance agents to discuss eligibility in time to sign up for coverage. Information on SCO for 2015 winter and spring wheat is available on the RMA website, including a map of the current coverage areas.

SCO is a county-level policy endorsement designed to supplement an underlying crop insurance policy, and covers a portion of losses not covered by that policy. Producers who elect to participate in Agricultural Risk Coverage (ARC), which is offered by the Farm Service Agency (FSA), are not eligible for SCO for the crop and farm participating in ARC.

The 2014 Farm Bill builds on historic economic gains in rural America over the past five years, while achieving meaningful reform and billions of dollars in savings for taxpayers. Since enactment, USDA is making significant progress in implementing each provision of the legislation.

 

Source – USDA

Topics: ,

Leave a Reply

News Stories
News

Craft to Lead the National Cotton Council in 2018

February 15, 2018

Ron Craft, a cotton producer and fifth-generation ginner from Plains, TX, is the newly-elected National Cotton Council chairman for 2018.

News

Cotton Achievement Award Honors Bill Lovelady

February 16, 2018

The late William T. “Bill” Lovelady, a long-time West Texas cotton producer and former NCC president, was honored as recipient of the 2017 Oscar Johnston Lifetime Achievement Award.

News

Maguire Honored with NCC Cotton Service Award

February 16, 2018

John Maguire, former NCC senior vice president for Washington Operations, is the recipient of the 2017 Harry S. Baker Distinguished Service Award.

News

NCC Names State Unit Officers for 2018

February 14, 2018

National Cotton Council state unit officers for 2018 were elected at the organization’s recent annual meeting.

News

National Cotton Council Names Directors for 2018

February 14, 2018

National Cotton Council directors for 2018 were announced at the organization’s annual meeting in early February.

News

Holladay Elected American Cotton Producers Chair

February 14, 2018

Shawn Holladay of Lubbock, TX, was elected chairman of the American Cotton Producers of the National Cotton Council for 2018.

News

Brooks Joins Staplcotn Marketing Team

February 9, 2018

Cotton industry veteran Hopie Brooks has joined Staplcotn as Director of Export Sales.

Around The Gin
Product News

Bayer Shares the Risk with Cotton Farmers

January 26, 2018

Bayer offers replant, crop loss and yield protection to growers who plant FiberMax and Stoneville cotton seed.

Product News

Americot Adds New Sales Support in GA, KS and TX

January 23, 2018

Americot has expanded its sales support team in Georgia, Kansas and the Rolling Plains of Texas.

Product News

Indigo Offers Premium for Indigo Cotton Production

January 9, 2018

Indigo Ag has announced a new program that offers significant price premiums for U.S. cotton growers who contract to grow Indigo Cotton.

Product News

New Bayer Varieties Focus on High Yield, Adaptability

January 5, 2018

Bayer releases five new FiberMax and Stoneville varieties for introduction in 2018.

Product News

New PhytoGen TRiO Guards Cottonseed Investment

January 3, 2018

New PhytoGen TRiO seed treatment helps provide early season protection for young cottonseed from diseases, insects and nematodes.

Product News

Americot Adds Seven to Sales, Research Teams

December 20, 2017

Americot has added seven new sales and research associates to the company’s staff across the Cotton Belt.

Product News

Seven New Varieties in Deltapine Class of 18

December 11, 2017

Seven new varieties – including five Bollgard 3 XtendFlex offerings – join the Deltapine product lineup as the Class of 18.

Product News

Special Roundup Ready PLUS Incentives for Arkansas

December 7, 2017

Monsanto is offering a special Roundup Ready PLUS Crop Management Solutions platform in Arkansas for 2018 for growers planting XtendFlex cotton and Roundup Ready 2 Xtend soybean varieties.

Latest News
News

Cotton Achievement Award Honors Bill Lovelady

February 16, 2018

The late William T. “Bill” Lovelady, a long-time West Texas cotton producer and former NCC president, was honored as recipient of the 2017 Oscar Johnston Lifetime Achievement Award.

News

Maguire Honored with NCC Cotton Service Award

February 16, 2018

John Maguire, former NCC senior vice president for Washington Operations, is the recipient of the 2017 Harry S. Baker Distinguished Service Award.

News

Craft to Lead the National Cotton Council in 2018

February 15, 2018

Ron Craft, a cotton producer and fifth-generation ginner from Plains, TX, is the newly-elected National Cotton Council chairman for 2018.

News

NCC Names State Unit Officers for 2018

February 14, 2018

National Cotton Council state unit officers for 2018 were elected at the organization’s recent annual meeting.

News

National Cotton Council Names Directors for 2018

February 14, 2018

National Cotton Council directors for 2018 were announced at the organization’s annual meeting in early February.

News

Holladay Elected American Cotton Producers Chair

February 14, 2018

Shawn Holladay of Lubbock, TX, was elected chairman of the American Cotton Producers of the National Cotton Council for 2018.

News

Brooks Joins Staplcotn Marketing Team

February 9, 2018

Cotton industry veteran Hopie Brooks has joined Staplcotn as Director of Export Sales.

News

Budget Deal Restores Farm Bill Coverage for Cotton

February 9, 2018

Critically-needed policy that restores Title I coverage for cotton in the current Farm Bill was part of the bipartisan budget legislation approved by Congress on February 9 and signed into law by President Trump.

News

Georgia Cotton Commission Meeting Brings Farmers, Researchers Together

February 6, 2018

The Georgia Cotton Commission’s 11th Annual Meeting and University of Georgia Cotton Production Workshop was held at the UGA Tifton

News

Cotton Board Promotes Wyonzek to Director of Operations

February 2, 2018

Emily Wyonzek has been promoted to Director of Operations for The Cotton Board.

News

Tyson Raper Is 2018 Outstanding Young Cotton Physiologist

January 24, 2018

Tyson Raper, University of Tennessee Extension cotton and small grains specialist, is the 2018 recipient of the Dr. J. Tom Cothren Outstanding Young Cotton Physiologist Award.

News

USDA-APHIS Reviewing Research for Ultra-Low Gossypol Cottonseed

January 22, 2018

USDA-APHIS is reviewing Cotton Incorporated-funded research for potential non-regulated status for a specific type of ultra-low gossypol cottonseed.

News

U.S. Cotton Industry Watching China Closely

January 11, 2018

The United States cotton industry is cautiously watching China in hopes that its imports may be on the rise.

News

NCC Lauds Rural Prosperity Task Force Efforts

January 11, 2018

The National Cotton Council has praised the work of the Interagency Task Force on Agriculture and Rural Prosperity.

News

Campbell Receives 2017 Cotton Genetics Research Award

January 7, 2018

Dr. B. Todd Campbell, a research geneticist with the USDA Agricultural Research Service in Florence, SC, is the recipient of the 2017 Cotton Genetics Research Award.