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USDA Helps Hemp Producers With Insurance Programs

The USDA has introduced two programs to help protect hemp producers from natural disasters. The first insurance program through Multi-Peril Crop Insurance (MPCI) provides coverage against loss of yield because of insurable causes of loss for hemp grown for fiber, grain, or Cannabidiol (CBD) oil. The Noninsured Crop Disaster Assistance Program (NAP) coverage protects against losses associated with lower yields, destroyed crops or prevented planting where no permanent federal crop insurance program is available. the MPCI is an option for hemp producers in select counties of 21 states for the 2020 crop year.

 

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