Industry Update. 2020 USDA's RMA announced a new crop insurance option for HEMP.
Shelby Insurance Agency, Inc has been servicing Kentucky farmers' crop insurance needs since 1972. We are located at 500 Main Street Shelbyville, KY and 12200 Shelbyville Rd. Middletown, KY. We specialize in Crop Insurance in Kentucky, Southern Indiana, and Northern Tennessee.
We will come to your farm and assist you in the application process that is tailored to fit the way you operate. Our crop insurance companies are dependable and rated A or higher by the A.M. Best.
We do provide other types of insurance (please see the "Auto & Home" tab above).
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WASHINGTON, D.C., Dec. 23, 2019 – USDA’s Risk Management Agency (RMA) announced a new crop insurance option for hemp growers in select counties of 21 states in 2020. The pilot insurance program will provide Actual Production History (APH) coverage under 508(h) Multi-Peril Crop Insurance (MPCI) for eligible producers in certain counties in Alabama, California, Colorado, Illinois, Indiana, Kansas, Kentucky, Maine, Michigan, Minnesota, Montana, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Tennessee, Virginia, and Wisconsin.
The MPCI coverage is for hemp grown for fiber, grain or CBD oil for the 2020 crop year. It is in addition to the Whole-Farm Revenue Protection coverage available to hemp growers announced earlier this year.
Price risk management tool designed to insure against declining markets for fed cattle, feeder cattle and swine. Changes to Livestock Risk Protection for Feeder Cattle, Fed Cattle, and Swine for the 2021 and succeeding crop years allows the premium to be paid at the end of the endorsement period and Premium Subsidies have Increased.
Contact DAVID MATHIS with any questions, and let him share how this could benefit your farming operation.