USDA
reminds Illinois County producers of March 15, 2015 sales closing
date for noninsurable crops
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[March 12, 2015]
Farm Service Agency (FSA) urges
Illinois producers who want to purchase coverage through the
Noninsured Crop Disaster Assistance Program (NAP) to do so before
the sales closing date of March 15, 2015.
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NAP provides financial assistance to producers of noninsurable
crops when low yields/grazing loss, loss of inventory or
prevented planting occur due to natural disasters including
drought, freeze, hail, excessive moisture or excessive wind.
In order to meet eligibility requirements for NAP, crops must be
noninsurable, commercially-produced agricultural commodity crops
for which the catastrophic risk protection level of crop
insurance is not available.
The Agricultural Act of 2014 (the 2014 Farm Bill) allows
producers to choose higher levels of NAP coverage. Previously,
the program offered coverage at 55 percent of the average market
price for crop losses that exceed 50 percent of expected
production. Producers can now choose higher levels of coverage,
up to 65 percent of their expected production at 100 percent of
the average market price. It is important to note that the
higher coverage is not available on grazing crops.
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The following crops in Illinois have a NAP application closing date
of March 15, 2015: spring and summer planted NAP crops.
Eligible producers must file the application and pay a service fee
by the March 15, 2015 deadline. Producers also pay a fixed premium
for higher coverage. Beginning, limited resource and underserved
producers may request a waiver of the service fee and a 50 percent
premium reduction when the application for coverage is filed.
[USDA Farm Service Agency] |