What are the main government programs that address farm risk management?
A. The main government programs related to farm risk management are: • crop yield insurance and crop revenue insurance; • supplemental agricultural disaster assistance (SADA) programs; • loan deficiency payments, which protect producers of major commodities against low prices; • counter-cyclical payments (CCPs), which are based on current prices and historical production; • average crop revenue election (ACRE), which are based on gross revenue calculated from market prices and on current production; • the Noninsured Assistance Program (NAP) for those specialty crops for which crop insurance is unavailable; • emergency loans; • emergency haying and grazing assistance; and • the Emergency Conservation Program for farmlands damaged by natural disasters. Q. For which crops is federally backed insurance available? A. USDA’s Risk Management Agency (RMA) has approved insurance coverage for more than 100 crops representing the great majority of the value of U.S. crop production. The Federal go
