Crop Insurance Deadline Nears in North Carolina

The USDA’s Risk Management Agency (RMA) reminds North Carolina cabbage, corn, cotton, flue-cured tobacco, grain sorghum, hemp, peanut, and soybean growers that the final date to apply for crop insurance coverage for the 2021 crop year is February 28. Growers who want to purchase a Whole-Farm Revenue Protection (WFRP) policy also have until February 28. Current policyholders who wish to make changes to their existing policies also have until the sales closing date to do so.

 

Federal crop insurance is critical to the farm safety net. It helps producers and owners manage revenue risks and strengthens the rural economy. Coverage is available for losses in yield on all the crops listed above. Coverage is available for revenue losses caused by a change in the harvest price from the projected price for corn, cotton, grain sorghum, peanuts, and soybeans only. The WFRP policy provides revenue protection. Additional information can be found on the Actuarial Information Browser page on the RMA website.

 

Growers are encouraged to visit their crop insurance agent soon to learn specific details for the 2021 spring planted crops in North Carolina. Additional crops may be eligible for coverage under a written agreement. Crop insurance coverage decisions must be made on or before the sales closing date.

 

RMA is authorizing additional flexibilities due to coronavirus while continuing to support producers, working through Approved Insurance Providers (AIPs) to deliver services, including processing policies, claims, and agreements. RMA staff are working with AIPs and other customers by phone, mail, and electronically to continue supporting crop insurance coverage for producers. Farmers with crop insurance questions or needs should continue to contact their insurance agents about conducting business remotely (by telephone or email). More information can be found at farmers.gov/coronavirus.

 

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. Producers can use the RMA Cost Estimator to get a premium amount estimate of their insurance needs online.