1 of the U.S. Hemp Roundtable’s proudest legislative accomplishments was the inclusion of provisions within the 2018 U.S. Farm Bill of that permit the improvement of crop insurance coverage for U.S. hemp farmers. We worked closely with Senate Majority Leader Mitch McConnell on the drafting of language that would offer the broadest and most very affordable crop insurance coverage selections.
This week, the USDA announced the creation of a Entire-Farm Income Protection (WFRP) system for the crop year 2020. Such complete farm insurance coverage will be useful to significant growers who have a lengthy history of farming hemp and who sustain comprehensive economic records more than numerous insurable enterprises. Regrettably, really handful of tiny and medium-sized hemp growers will qualify at the present time.
That is why our sister organization, the U.S. Hemp Farming Alliance is announcing right now a cooperative work with AgriLogic, which was authorized by the Federal Crop Insurance coverage Corporation in June to create the federal multi-peril crop insurance coverage system for hemp. A multi-peril system would support guard all hemp farmers – significant and tiny – and really should be in spot in a considerable quantity of states by subsequent year’s developing season.
Please read this release for facts on the USHFA’s collaboration with AgriLogic.
To make certain the broadest and most very affordable crop insurance coverage coverage for hemp in 2020, we have to have your instant support.
If you are a hemp grower or processor, please critique and full this type and return to AgriLogic by September 10. Understand that your information and information and facts will be held confidentially by AgriLogic and applied only for the purposes of the improvement of the crop insurance coverage system.