Cover Crop – Crop Insurance Demonstration Project Aims to Save Farmers Money
Source: Iowa Department of Agriculture and Clean Water Iowa
Crop insurance in an integral part of the farm safety net that provides protection for farmers after bad weather impacts their crops. Cover crops can help prevent erosion and improve water quality and soil health; among other benefits.
The Iowa Department of Agriculture and Land Stewardship (IDALS) and partners worked with the USDA Risk Management Agency (RMA) to establish a 3-year demonstration project aimed at expanding usage of cover crops in Iowa.
Through this project, IDALS will provide $5/acre for cover crops to eligible applicants. Funding will be provided through RMA as an additional insurance premium discount through normal crop insurance processes. The new premium reduction will be available for fall-planted cover crops with a spring-planted cash crop. Some policies may be excluded, such as Whole-Farm Revenue Protection or those covered through written agreements. Participating farmers must follow all existing good farming practices required by their policy and work with their insurance agents to maintain eligibility.
Or contact your AgriBusiness Advisor at 319.352.2880.
Download the project detail (PDF): Cover Crop Insurance