The Administrator of USDA’s Risk Management Agency says farmers want to know if the 2019 weather extremes will lead to higher crop insurance premiums in 2020. Martin Barbre says, “We’ve had some questions about will the tremendous amount of PP (prevent plant) in 2019 affect rates. If it does, it will be minuscule and, you know, these rates are based on years of history and one year is not going to change the premium rate that much.”
Barbre tells Brownfield crop insurance premiums are based on loss averages of up to twenty years, and the market prices.
