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Crop Insurance Program Expands for First-time Farmers

The U.S. Agriculture Department has released a new interim rule designed to provide additional crop insurance options for beginning farmers. It went into effect on June 30...
July 10, 2014

The U.S. Agriculture Department has released a new interim rule designed to provide additional crop insurance options for beginning farmers. It went into effect on June 30.

“Crop insurance is critical to the ongoing success of today’s farmers and ranchers and our agriculture economy. These improvements provide additional flexibility to ensure families do not lose everything due to events beyond their control,” Agriculture Secretary Tom Vilsack said in a statement. “We need to not only encourage new farmers to get into agriculture, we must ensure they’re not wiped out in their riskiest initial seasons so they can remain in agriculture for years to come.” Under the interim rule, new farmers are exempt from paying the $300 administrative fee for catastrophic policies. The Agriculture Department is accepting comments through Sept. 2.

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