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Farm Bill is Signed into Law... Update on Crop Insurance

Crop Insurance

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Quick Overview

This course is essential for all insurance broker/agents who write Crop Insurance. We must communicate to our insureds the changes made in the new law that will affect them in 2014 going into effect in 2014.

$129.00
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Duration 1 hour
Location Online Webinar
Formats Live
Instructor Rita McMullenRita McMullen

This course is essential for all insurance broker/agents who write Crop Insurance. We must communicate to our insureds the changes made in the new law that will affect them in 2014 going into effect in 2014.

The Agricultural Act of 2014 (H.R.2652) also known as the 2014 U. S. Farm Bill was signed into law on February 7, 2014. This act was formerly the "federal Agriculture Reform and Risk Management Act of 2013. The bill authorizes $956 billion in spending over the next ten years. There are some key parts of this bill that affect Crop Insurance.

This course will cover:

  • Overview of the Agricultural Act of 2014
  • Changes for "organic farming"
  • The "Margin Protection Program which is a new program for dairy producers
  • Conservation as a requirement for crop insurance subsidies
  • The 2014 Farm Bill creates the Supplemental Coverage Option (SCO), which will begin for the 2015 crop year. SCO will offer a band of coverage based on county revenue (or yields) from an 86% coverage level down to the coverage level of the farm-level insurance policy (SCO will not be available for Area Risk Protection Insurance (ARPI) plans).
$129.00
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