The USDA’s Risk Management Agency (RMA) reminds Arkansas producers that the final day to purchase federal crop insurance for wheat is September 30. Current policyholders and uninsured growers who wish to buy a policy for the 2020 crop year must make all decisions on crop insurance coverage by the sales closing date for that crop. Decisions include what crops to insure and what coverage level to choose.
To date, the crop insurance projected price for 2020 wheat is $4.87 per bushel. The projected price for wheat is a rolling average of daily settlement prices for July 2020 CBOT wheat futures during the price discovery period. The crop insurance price discovery period for wheat runs from August 15 to September 13 this year.
Information on available coverage for wheat in select counties can found on the RMA Information Browser.
Crop insurance is sold and delivered solely through private crop insurance agents. A list of crop insurance agents is available at all USDA Service Centers and online at the RMA Agent Locator. Producers can use the RMA Cost Estimator to get a premium amount estimate of their insurance needs online.
For more information about crop insurance visit www.rma.usda.gov.