National Agri-Marketing Association
NAMA Website
Upcoming Events
Agri-Marketing Conf
Best of NAMA 2018
Member Directory

Source: USDA news release

Last week, USDA issued a press release that outlined the automatic, additional "top-up" payments that producers will receive from their Approved Insurance Providers (AIPs) for prevented planting claims. That release is available here.

The language in the release, as well as an error in the GovDelivery message, may have caused confusion.

All producers with Yield Protection and Revenue Protection policies will receive a 10% top-up payment on their prevented plant indemnity payments. Producers whose plans include the Harvest Price Option will receive an additional 5%. This Harvest Price Option is included in all Revenue Protection policies unless a producer has chosen to opt-out.

Producers do not need to take any action to receive these payments, as all AIPs will automatically issue payments based on each producer's individual crop insurance policy.

We apologize for any misunderstanding.

Search News & Articles

Proudly associated with:
American Business Media Canadian Agri-Marketing Association National Agri-Marketing Association
Agricultural Relations Council National Association of Farm Broadcasters American Agricultural Editors' Association Livestock Publications Council
All content © 2020, Henderson Communications LLC. | User Agreement