Wednesday, August 13, 2008

Disputed federal rangeland insurance discontinued The USDA’s Risk Management Agency has discontinued a crop insurance program that farmers and ranchers in Teton County say cost them thousands of dollars in premiums, but failed to protect them in the extreme drought years of 2006 and 2007. The GRP Rangeland offered farmers and ranchers the opportunity to purchase crop insurance on their rangeland so that if drought occurred and they had little or no rangeland production, they could file a loss claim and receive an insurance benefit that could be used to buy hay for their livestock to replace the lost pasture. For the 2009 crop year, the Risk Management Agency is offering a new insurance plan called the “Pasture, Rangeland and Forage-Rainfall Index” program. This plan will again insure pasture against production losses, but the trigger will not be net countywide dryland hay production. Instead, the trigger will be weather data with the actual figures compared to historic average. The coverage area will no longer be based on counties, but will instead be based on 12-square-mile areas and will be a “group risk” plan within each 12-mile square unit....

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