The Risk Management Agency for the Department of Agriculture said this week the final safety net provisions of the 2014 Farm Bill, which provide farmers and ranchers better protection from weather disasters, market volatility, and other risk factors, are now in place. The Agency says it has finalized an interim rule that completes provisions such as enterprise units for irrigated and non-irrigated crops, adjustment in actual production history to establish insurable yields, crop production on native sod, beginning farmer and rancher provisions, coverage levels by practice, and the authority to correct errors.
All other provisions of the final rule remain unchanged. RMA Administrator Brandon Willis says the 2014 Farm Bill provisions, now final, “strengthen the safety net we provide.” RMA began implementing the provisions under an interim rule for the 2015 crop year.
Source: NAFB News Service