Oklahoma wheat farmers want the U.S. Department of Agriculture to implement now a policy that’s scheduled to start in 2016 that farmers say would help ease the financial pain of ongoing drought.
The policy is part of the 2014 Farm Bill.
The amount of crop insurance a farmer is eligible for depends on actual production history. Farmers who lose crops to drought several years in a row have to report lower yields, meaning their insurance coverage decreases each year.
The new policy allows farmers to omit records for years in which their crop yields are less than 50 percent of their county’s 10-year average.
A USDA spokesman declined comment to The Oklahoman but U.S. Agriculture Secretary Tom Vilsack has said the change is complex and would take time to work through.
Topics Profit Loss Agribusiness Oklahoma
Was this article valuable?
Here are more articles you may enjoy.
Cloudy Future for Bourbon Has Jim Beam Closing Distillery for a Year 
Florida Insurance Agency VP Sentenced to 3 Years in Massive ACA Fraud Scheme 
CRC Group Signs Agreement to Acquire Euclid Transactional 
FBI Involved After Two Florida Injury Lawyers Go Missing From Fishing Trip 
