MISSOURI — Floodwaters continue to plague Missouri farmers, keeping them out of their fields.
This means that insurance claims for prevented planting are expected to be at or near record levels.
The USDA estimates that claims will reach the $1 billion mark for the 2019 planting season. With all of the fields that remain submerged, it is possible that the previous record of 10 million prevent-planted acres could be broken.
A branch of the USDA, the Risk Management Agency (RMA) provides crop insurance to farmers and ranchers across the United States. Around $151 million in claims have already been paid through the RMA, about $39 million more than last week.
If a producer decides to plant a cover crop, they would still be eligible to recieve a small payment if the crop planted falls within the guidelines of President Trump’s trade relief package.
Cover crops are also allowed to be harvested or grazed beginning September 1 rather than November 1 for 2019, meaning that producers could still generate some revenue.