Pork producers in nine states will be able to get federal crop insurance coverage to guard against losses from drought and floods.
The board of directors that oversees USDA’s crop insurance program agreed Monday to offer coverage to pork producers in: Illinois, Indiana, Kansas, Minnesota, Nebraska, Nevada, Oklahoma and Texas. The program, which still covers producers in Iowa, protects pork producers from falling hog prices if the value for hogs drops below the selected coverage price. They can begin buying the insurance in November.
Farm-state lawmakers in Congress contend that expanding crop insurance will help curb producers' and ranchers' need for emergency federal aid when they lose livestock and crops to bad weather.
For more information about the federal crop insurance program, go to: http://www.rma.usda.gov/aboutrma/fcic/index.html