National Ag News
RMA to defer interest accrual for spring 2019 crop insurance premiums
Aug 15, 2019, 15:53 PM
by
Ann Gregson
The USDA’s Risk Management Agency has
announced it will defer accrual of interest for spring 2019 crop year insurance
premiums for all ag producers by 60 days.
RMA Administrator Martin Barbre tells Brownfield
the agency implemented the change to assist farmers and ranchers who were
severely impacted by this year’s weather.
“With the late-planted crops obviously producers won’t be harvesting as
early as normal and this will give them a little more time to get some cash
flow going and pay their premiums,” he says.
He says this a move that RMA only makes under special circumstances.
