Revenue coverage now available for malting barley producers in the Pacific Northwest
USDA’s Risk Management Agency (RMA), recently announced the availability of a new malting barley endorsement to the Small Grains Crop Provisions for the 2016 crop year. The endorsement provides revenue coverage on malting barley and is available in all counties where barley is insured in Alaska, Idaho, Oregon, and Washington.
The new malting barley endorsement includes revenue coverage for malting barley and basic, optional and enterprise units. The endorsement provides quality coverage based on the producer’s contract specifications and uses projected and harvest prices to determine the producer’s contract price.
Producers are encouraged to visit their crop insurance agent soon to learn specific details for the 2016 crop year. Crop insurance coverage decisions must be made on or before the sales closing date. 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, visit rma.usda.gov.