2013 Financial Assistance Program (FAP) for Producers in Targeted States

July 19, 2013 in General

Laurie Wolinski, Extension Agent; lgw@udel.edu

FAP funding will be provided to producers in several states, including Delaware and Maryland, who purchase buy-up insurance policies (with some exceptions) for the 2013 crop year with acreage reporting or inventory value reporting dates prior to September 30, 2013.

Policies not eligible for financial assistance include all catastrophic risk protection policies, and any policies or endorsements insured under the Livestock Risk Protection and Livestock Gross Margin plans of insurance.

The Risk Management Agency (RMA) will provide a fixed premium reduction of $225.00 per crop policy for eligible producers. If the total producer-paid premium per crop policy is less than $225.00, the amount of premium reduction will be capped at 100 percent of producer-paid premium for the crop policy. Click the following link for additional information. Check with your Crop Insurance Agent with questions.

http://www.rma.usda.gov/bulletins/managers/2013/mgr-13-008.pdf