The USDA's Risk Management Agency (RMA) reminds onion growers that the final date to apply for crop insurance coverage for the 2018 crop year is Feb. 1. Current policy holders who wish to make changes to their existing policies have until Feb. 1 to do so.
Federal crop insurance is critical to the farm safety net. It helps porducers and owners manage revenue risks and strengthens the rural economy.
Coverage for onions is available in select counties.
The 2018 price election, per hundredweight, for red onions is $24.90; white onions is $18.50; yellow onions is $11.80. Additional information can be found on the Actuarial Information Browser page on the RMA website.
Growers are encourage to visit their crop insurance agent soon to learn specific details for the 2018 crop year, including insurance for onions, which may be eligible for coverage under a written agreement.
Crop insurance 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 agents is available at all USDA service centers and online at the RMA Agent Locator.
Producers can use the RMS Cost Estimator to get a premium amount estimate of their insurance needs online.
For more information about crop insurance and the modern farm safety net visit www.rma.usda.gov