USDA-Weather Damaged Soybeans Eligible For Crop Insurance Claims10/17/2018
Farmers across the country are reporting weather-damaged soybeans. In response to the reports, USDA’s Risk Management Agency (RMA) issued a new fact sheet to help producers fully understand the process for filing quality adjustment claims for damaged crops under the federal crop insurance program.
The fact sheet defines damaged soybean kernels as: “Soybeans and pieces of soybean that are badly ground-damaged, badly weather-damaged, diseased…mold-damaged…or otherwise materially damaged.”
In addition, the fact sheet notes that some soybeans that qualify for a quality adjustment might also qualify for a “zero market value” if you can’t find a buyer for them.
If you’ve experienced damage to your soybeans, call your crop insurance provider right away.
Source: Anna-Lisa Laca, Ag Professional