Source: Chris Clayton, PROGRESSIVE FARMER, 12/8/17


Farmers in Northern Plains states and parts of the Corn Belt will lose the prospect of larger potential payouts under prevented planting claims following a crop-insurance change announced earlier this week by USDA's Risk Management Agency.  For years, the Obama administration repeatedly sought a $1.4-billion cost savings over 10 years by asking Congress to reform prevented planting coverage by eliminating the option of buying 10% higher coverage for prevented planting. Without calling on Congress, the Trump administration made multiple changes to prevented planting insurance this week in line with spending cuts proposed in the Obama era.

For more of this story, click here.

To read the USDA memo, click here.