USDA Announces Details of Risk Management Programs for Hemp Producers
“The U.S. Department of Agriculture (USDA) today announced the
availability of two programs that protect hemp producers’ crops from
natural disasters. A pilot hemp insurance program through 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 and the Noninsured Crop Disaster Assistance Program (NAP)
coverage protects against losses associated with lower yields, destroyed
crops or prevented planting where no permanent federal crop insurance
program is available. Producers may apply now, and the deadline to sign
up for both programs is March 16, 2020.”
Click here to read!“
Click here to read!“