Proposed Insurance Program Could Reward Farmers for Limited Losses

The USDA Risk Management Agency issued a proposed rule today that would reward good performance from farmers participating in the federal crop insurance program. Based on the proposed program, farmers and ranchers who have limited or no losses would receive a portion of their crop insurance premium back. The agency estimates the average refund to be $1,000 per producer for 2011. Comments on the proposed rule must be submitted by Jan. 21. Learn more or read the Federal Register notice.