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Ag News
Sorghum Producers Get Better Crop Insurance
Published Tuesday, December 01, 2009 at 05:34 AM
The National Sorghum Producers has been working hard with RMA over the past eight years to improve price elections, and RMA’s new methodology demonstrated the organization’s ability to deliver tangible results to its members. For sorghum producers, this new value can mean between $20 through $50 per acre or more in increased insurance coverage for sorghum depending on individual yields and coverage levels.
Gerald Simonsen, NSP chairman of the board, says - this is going to greatly help sorghum producers manage their risk. During the 2008 Farm Bill debate, NSP worked with Congressman Jerry Moran and others to include a provision to develop a new methodology that was replicable and transparent. The new methodology posted by RMA incorporates a time period of 10 years to calculate the price elections. This new crop insurance price election will be in effect for the 2010 crop year.
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