Important Deadline for 2019 Crop Insurance Premiums Approaching

WASHINGTON, DC – USDA’s Risk Management Agency (RMA) reminds producers that their crop insurance premiums for the 2019 crop year are due by January 31st. Under this change, policies that do not have the premium paid by January 31st will incur interest charges on February 1st, calculated from the date of the premium billing notice. USDA had deferred the accrual of interest on 2019 crop year insurance premiums for most policies with a premium billing date of August 15, 2019, to help farmers and ranchers that had been affected by extreme weather during the growing season. As of January 13th, RMA has paid approximately $8.1 billion in overall claims for the 2019 crop year. Producers are encouraged to contact their crop insurance agents for more information or assistance.