Risk Management and Crop Insurance

The federal crop insurance program is managed by the USDA Risk Management Agency (RMA). The crop insurance program helps to protect producers against low-revenue years. The availability of policy varies by crop/species, by county, and by year. The chart on the next page shows crop insurance policy availability for Virginia for 2021. Crop insurance can be purchased through an RMA Approved Insurance Provider (AIP).

The federal crop insurance program is supplemented by the Price Loss Coverage (PLC) program and the Agricultural Risk Coverage (ARC) program. These programs are available to producers of wheat, oats, barley, corn, grain sorghum, rice, soybeans, sunflower seed, rapeseed, canola, safflower, flaxseed, mustard seed, crambe and sesame seed, seed cotton, dry peas, lentils, small chickpeas, large chickpeas, and peanuts. Producers can opt into one of the two programs if they participate in conservation programs.