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Delta Farm Press
by Scott Stiles - September 19, 2022
The USDA’s Risk Management Agency (RMA) reminds Arkansas wheat producers that the final date to apply for crop insurance coverage for the 2023 crop year is September 30.
Current policyholders who wish to make changes to their existing coverage also have until the September 30 sales closing date to do so.
The 2023 crop year projected price shown below is approved for the following plans of insurance: Yield Protection, Area Yield Protection, Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion, and Area Revenue Protection – Harvest Price Exclusion.
Commodity
Futures Exchange
Futures Contract
Projected Price (unit)
Winter wheat
CBOT
July 2023
$8.40 (bu.)
Producers are encouraged to visit their crop insurance agent to learn specific details for the 2022/23 crop year. Agents can help producers determine what policy works best for their operation and review existing coverage to ensure the policy meets their needs.
Crop insurance is sold and delivered solely through private crop insurance agents. A list of crop insurance agents is available online using the RMA Agent Locator. Producers can use the RMA Cost Estimator to get a premium amount estimate of their insurance needs online. Learn more about crop insurance and the modern farm safety net at www.rma.usda.gov