Crop Insurance
Thompson is gearing up to replace Rep. Scott as the House Ag chairman in Jan. With his new title in tow, Thompson will be working alongside current Senate Ag Chairwoman Stabenow to pass farm bill 2023.
The Senate Committee on Ag, Nutrition and Forestry held the first 2023 Farm Bill hearing in early May. Hearing attendees agreed the 2023 Farm Bill should echo elements in the current bill and address new topics.
Weather challenges this spring tugged total crop acres down for 2022. USDA’s Farm Service reports farmers were unable to plant on 6.387 million acres.
In 2021, the first year the program was made available, producers enrolled 12.2 million acres of cover crops in PCCP, capturing a collective $59.5 million in premium subsidies.
Available in select counties in 11 states, the Post Application Coverage Endorsement is available for non-irrigated corn.
For the upcoming 2023 farm bill, expect chatter and debate about carbon markets, conservation, trade and more. Policy watchers encourage farmers to keep an eye on these issues, as discussions begin in January.
The first step farmers should do when considering prevent plant as an option is to call their insurance agent, says Bob Hartsough of Silveus Insurance Group.
Some market analysts say the May 20 crop progress report from USDA will show the potential for trendline corn yields this year is now gone.
The end goal is to streamline the reporting process as part of the Multiple Peril Crop Insurance (MPCI) program.