This week USDA’s Risk Management Agency authorized approved Insurance Providers to extended deadlines for producers. That extension includes premium and administrative fee payments, deferring and waiving the resulting interest accrual and other flexibilities to help farmers and ranchers through widespread drought. Iowa Corn Grower’s President Carl Jardon is pleased the agency is moving forward to help producers who’ve been affected by the dry weather.
Jardon who’s attending the U.S. Grains Council meeting this week says drought concerns are on everyone’s mind.
Jardon says with corn getting into its pollination phase and soybeans getting close to pod filling, the weather is becoming even more critical so having a solid crop insurance program in place this fall will be necessary.
The Risk Management Agency has given the go ahead to Authorized Insurance Providers to waive interest for an additional 60 days for written crop insurance payment agreements due between August 1 and September30, 2021.
