The projected insurance price for upland cotton for counties with a March 15th sales closing date was set at $1.03 per pound by the U.S. Department of Agriculture Risk Management Agency. The price discovery period ended on February 28th.
Producers have until March 15th to finalize their crop insurance purchase decisions and complete their Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) election and enrollment decisions at their local Farm Service Agency office.
Call or stop by our office to discuss ARC, PLC, STAX, and Crop Risk Analysis for 2022 crops. Insurance Coverage and Premium will be quite different in 2022 due to the increase in Cotton Price for Crop Insurance.