FEDERAL CROP insurance plans may drop from five different policies to only one combination policy under a proposal offered by USDA's Federal Crop Insurance Corporation (FCIC). The agency calls the proposed insurance the Combo Policy, and it provides both revenue and yield protection. It would replace the Crop Revenue Coverage, Income Protection, Indexed Income Protection, Actual Production History and Revenue Assurance plans.
USDA's Risk Management Agency reports that the change in insurance will reduce paper and the amount of information growers must consider before buying federal crop insurance. The proposed changes would apply to 2009. Growers may make official comments until September 12, 2006. For more information, visit www.rma.usda.gov.