Quality Loss Option From USDA’s Crop Insurance
Farmers are reviewing USDA’s new crop insurance options.
The agency’s coverage plan offers a quality loss option. It allows producers to replace any post-quality production with pre-quality production amounts. Analyst say that the chance increases yields and gives farmers better coverage. According to Risk Management Agency leader, Keith Gray, farmers have addition quality loss options.
He states, “There’s an additional premium, because it is like supplemental coverage option... available under yield protection, revenue protection, revenue protection with harvest price exclusion...”