06/30/2020 | Press release | Distributed by Public on 06/30/2020 15:33
The Grass Seed Insurance Program has been piloted to determine acceptance by producers as an effective and affordable risk management tool and to assure the program is actuarially sound. The Federal Crop Insurance Corporation Board of Directors (Board) granted approval for the conversion of the program from pilot to permanent status based on the favorable pilot program experience.
The Farm Service Agency (FSA) uses the Risk Management Agency (RMA) designation of pilot or permanent program in their consideration of Noninsured Crop Disaster Assistance Program (NAP) availability. NAP availability is not impacted until the subsequent year if the RMA notification of conversion to permanent status is issued less than 90 days before the next NAP application date. NAP availability will solely be determined by the FSA.