JAMESTOWN, N.D. – The North Dakota Farmers Union asks the United States Department of Agriculture’s Risk Management Agency to reinstate the buy-up option it eliminated for prevented planting crop insurance.
It allowed producers to increase their prevented planting coverage by 5% in exchange for a higher insurance premium.
“RMA’s decision to eliminate the buy-up option for producers was based on flawed analysis and should be reversed,” NDFU President Matt Perdue said. “The buy-up option is an important risk management tool for producers in the Prairie Pothole Region, where we commonly face challenges with spring planting conditions.”
North Dakota State University’s Agricultural Risk Policy Center said without prevented planting crop insurance, producers might experience losses up to $26 for corn acres and up to $21 for soybean acres in years they can’t plant a crop.
