New Report on Specialty Crop Insurance

Kelly Marshall

The USDA’s Economic Research Service has released a new report entitled “Changes to the Noninsured Crop Disaster Assistance Program Under the Agricultural Act of 2014: Their Potential Risk Reduction Impacts.” The report looks at the impact of the Buy-Up coverage addition to the Noninsured Crop Disaster Assistance Program (NAP).

The study found that Buy-Up coverage can better mitigate a farmer’s risk more than NAP Basic and slightly improves a producer’s average revenue. It also noted a significant increase from 2014 to 2015 in the number of producers who selected Buy-Up, especially among those with limited resource, socially disadvantaged, and beginning farmers.

Read the full report to learn more.

Crop Insurance, Specialty Crops, USDA