Library

  • Open in new window

    Prevented Planting: Crop Insurance Options & Insurance Indemnity Payment Tax Considerations

    Gary Hachfeld and, Kent Olson (June, 2014)
    Summary

    USDA’s Risk Management Agency (RMA)defines prevented planting as a failure to plant an insured crop with the proper equipment by the final planting date designated in the insurance policy’s actuarial documents or during the late planting period, if applicable, due to an insured cause of loss that is general to the surrounding area and that prevents other producers from planting acreage with similar characteristics. If farmers have federal crop insurance and have not been able to plant by a given crop’s final planting date or have drowned out areas in fields, they do have options.

  • Details

    Organization
    University of Minnesota Extension
    Publisher
    University of Minnesota
    Published
    June, 2014
    Material Type
    Written Material