On October 21, 2022, from 12 noon – 1:00 ET, the Penn State Center for Agricultural and Shale Law, alongside the Pennsylvania Department of Agriculture’s Agricultural Business Development Center will present the next webinar in our new educational series, “Understanding Agricultural Law.” This session in our series is entitled, “Understanding the Basics of Crop Insurance.”
Farmers are known as “price-takers” in normal times, dealing with perishable crops which generally must be harvested and sold in short and simultaneous windows of time across most of North America. Add to that the uncertainties of natural conditions like freezing temperatures, storms, heat, drought, natural disasters and market/labor disruptions and it can be more risky to invest capital in a crop or commodity than traditional financing and banking practices can accommodate. Hedging against all these volatile conditions is an absolute necessity, not a luxury, in agriculture. Crop insurance is an ever-changing set of tools against potential financial strains that are routine for farmers. New products are routinely developed to adapt to changing farming practices, like whole farm revenue policies and innovative livestock and dairy margin coverages. Learn about the basics of all the current products developed and backed by USDA’s Risk Management Agency.
1 hour of substantive CLE credit available for Pennsylvania licensed attorneys at no charge.
- Crop Insurance Resources
- PowerPoint: Understanding the Basics of Crop Insurance
- Recording: Understanding the Basics of Crop Insurance
Questions? Email Jackie Schweichler: jks251@psu.edu
