ALBANY — In an effort to help farmers cope with the difficult conditions of the 2019 growing season, the USDA – Risk Management Agency has announced another (one-time) deferral of crop insurance premium payments.
For the 2019 crop year only, producers will now have until January 31, 2020 to pay their crop insurance premiums for all policies that have a premium billing date of August 15, 2019, without incurring an interest charge. Many policies for perennial and spring-planted crops available within New York State – including apple, grape, corn, soybean, and wheat policies – are affected. This is an additional change to the previously announced November 30, 2019 premium payment deferral.
Producers should check with their crop insurance agent to see how this change may affect them.
The official RMA announcement can be accessed here: https://www.rma.usda.gov/en/News-Room/Press/Press-Releases/2019-News/USDA-Extending-Flexibility-on-Crop-Insurance-Premiums
For resources on risk management and crop insurance for New York State producers, please visit: https://www.agriskmanagement.cornell.edu
Cornell University delivers crop insurance education in New York State in partnership with the USDA, Risk Management Agency. This material is funded in partnership by USDA, Risk Management Agency, under award number RM18RMETS524C018
–Cornell College of Agriculture and Life Sciences
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