Source: FARM PROGRESS, 8/15/19


USDA’s Risk Management Agency will defer accrual of interest for all agricultural producers’ spring 2019 crop year insurance premiums to help the farmers and ranchers affected by extreme weather in 2019. Specifically, USDA will defer the accrual of interest on spring 2019 crop year insurance premiums to the earlier of the applicable termination date or for two months, until Nov. 30, for all policies with a premium billing date of Aug. 15, 2019. For any premium that is not paid by one of those new deadlines, interest will accrue consistent with the terms of the policy.

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