North Dakota Farmers Want Changes in Crop Insurance Rules
Some Upper Midwest farmers who thought they caught a break when the federal government eased crop insurance rules for land hit by prolonged flooding are finding it isn’t as easy to cash in as they first thought.
The “prevented planting” provision pays farmers if they can’t plant due to extreme weather like flooding. A new rule for the “prairie pothole” region of the Dakotas, Montana, Minnesota and Iowa addresses multiple-year disasters – essentially letting farmers collect as long as they had planted a crop on the land at least once in the past four years.
But there also are other provisions. The Risk Management Agency recently published memorandums clarifying rules, and some farmers aren’t meeting them.
Members of North Dakota’s congressional delegation are urging the RMA to address the issue.
- Major Hedge Funds Targeted in Wave of Attempted Cyberattacks
- Humans, Not AI, Still A Cause of Most Cyber Losses in First Half of Year
- Bodily Injury Is Now A Big Share of Auto Claims Payouts. Is AI to Blame for That Too?
- Wildfires Fan Record Sales of Catastrophe Bonds to Backstop Risk