MPCI – Multi-Peril Crop Insurance
This pilot program will cover growers in select counties who have at least one year experience in hemp, and a minimum of 5 acres for CBD, or 20 acres for grain and fiber, among other requirements.
Most importantly, qualified applicants will have contracts in place for the sale of their harvest.
MPCI participating counties are located in Alabama, California, Colorado, Illinois, Indiana, Kansas, Kentucky, Maine, Michigan, Minnesota, Montana, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Tennessee, Virginia and Wisconsin.
NAP – Noninsured Crop Disaster Assistance Program
If you grow where no other permanent federal program exists, you could be eligible for basic 50/55 coverage with buy-up coverage available.
Given the difficulties experienced by many growers last year, it’s good to see the USDA step in with these programs. They are strict, though, and you need to make sure to dive into the requirements in detail.
If any of the USDA options aren’t a fit for you or you have questions about alternatives, drop us a line below.