Pasture Rangeland & Forage (PRF) DEADLINE is Dec 1. Closed Thanksgiving Day& Friday
Multi-Peril Crop Insurance (MPCI) provides coverage against loss of yield because of insurable causes of loss for hemp grown for fiber, grain or Cannabidiol (CBD) oil. MPCI Catastrophic (CAT) 50/55 coverage is available as well as additional coverage up to 75/100.
Production guarantees will be based on your approved APH yield and the coverage level you select and will be calculated using actual yields based on your reported production history. If you have less than four years of actual yields for the crop in the county, your approved APH yield will be based on a combination of actual yields, if any, and the county Transitional Yield (T-Yield). The county T-Yield is provided in the actuarial documents and is based on the historical county average yield per acre. If you have one year of actual yields, your approved APH yield will be based on your reported production history and three years of 80% of the county T-Yield. If you have two years of actual yields, it will be based on your actual yields and two years of 90% of the county T-Yield. If you have three years of actual yields, it will be based on your actual yields and one year of 100% of the county T-Yield. If you do not have any actual yields, the approved APH yield will be based on 65% of the county’s T-Yield.