Hemp Insurance
Hemp Crop Insurance Coverage
This federally-reinsured pilot crop insurance program provides Actual Production History (APH) coverage for eligible hemp producers in certain counties in 21 states. The crop is insurable if:
• The grower has a share in the hemp crop;
• The grower has at least one prior year of history producing hemp;
• It is a type listed in the actuarial documents and grown for the production of industrial and consumer products;
• Premium rates are provided in the actuarial documents;
• It is grown under a processor contract executed by the applicable acreage reporting date;
• It is grown under official certification or license issued by the applicable governing authority that permits production of the hemp;
• It is planted for harvest as hemp in accordance with the requirements of the processor contract and production management practices of the processor; and
• It is planted to an adapted variety and not a variety prohibited by the applicable governing authority. (Refer to the Hemp Provisions.)
For more information follow these links:
https://www.ams.usda.gov/rules-regulations/hemp
https://nifa.usda.gov/industrial-hemp
https://www.farmers.gov/manage/hemp
https://www.federalregister.gov/documents/2016/08/12/2016-19146/statement-of-principles-on-industrial-hemp
Insurance Programs & Risk Management Tools
Our goal is to educate and advise our customers on all options available to them including —Public Programs offered through Federal Crop Insurance, Private Programs offering deeper levels of coverage, and Hedging programs protecting against market volatility. Explore some of our insurance solutions: