🌾Flax Revenue and Crop Insurance Regulatory Update
Flax Revenue and Expanded Unit Options for Crop Insurance
Summary
The Federal Crop Insurance Corporation (FCIC) is reopening the comment period for 30 days to allow the public additional time to provide comments on our regulation that allowed revenue coverage for flax under the Small Grain Crop Insurance Provisions, combined written agreement deadlines in the Dry Bean Crop Insurance Provisions to match other insurance policies, expanded the availability of enterprise and optional units for some specialty and perennial crops, and made clarifications and corrections to the Area Risk Protection Insurance, Basic Provisions; Common Crop Insurance Policy, Basic Provisions; and several Crop Provisions published on November 27, 2024 and effective on November 30, 2024.
Agencies
- Agriculture Department
- Federal Crop Insurance Corporation
Business Impact
$$ - Med
The reopening of the comment period for the final rule on crop insurance, particularly for flax revenue coverage and expanded unit options, directly impacts compliance for agricultural business owners seeking financial assistance through federal crop insurance programs. It necessitates awareness of regulatory updates and strategic planning based on these provisions.