USDA offers more protection against loss of specialized crops

The Agriculture Department announced an expansion of the Noninsured Crop Disaster Program (NAP) to cover more crops and at higher levels of protection. NAP operates like insurance for crops not covered by the federally subsidized insurance program. The new options were mandated by the 2014 farm law and apply to crops such as vegetables, fruits, mushrooms, floriculture, ornamental nursery, aquaculture, turf grass, ginseng, honey, syrup, and biomass. “Previously, the program offered coverage at 55 percent of the average market price for crop losses that exceed 50 percent of expected production. Producers can now choose higher levels of coverage, up to 65 percent of their expected production at 100 percent of the average market price,” said USDA.

 

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