For most crop producers, profit exists within a small percentage of total yield, so the “deductible” on federal crop insurance may mean the difference between profit and loss, especially in a year when commodity prices decline.
Risk Management Agency’s (RMA) Enhanced Coverage Option (ECO) is a cost-effective way to reduce that deductible gap to as small as 5%. Recently, the subsidy for ECO was increased from 44% to 65%, making this a more cost-effective strategy.
Watch the video to learn more.
