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The United States Department of Agriculture (USDA) in February announced its 2020 hemp crop insurance offerings. The deadline to apply is March 16, so don’t wait. The full FAQ is here.

TALK WITH US BEFORE YOU APPLY

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.

LEARN ABOUT THE HEMPWAVE BUYBACK PROGRAM

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.

CLICK HERE TO FIND YOUR COUNTY

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.