Plains Cotton Growers, Inc. will host a virtual information session on February 16, 2021 to review and discuss the numerous options available to producers for the 2021 growing season through the Federal Crop Insurance Program. Additional information, including links to register for the February 16 session will be made available in the coming weeks through this newsletter and on the PCG website located at: http://www.plainscotton.org.
The purpose of the seminar is to acquaint producers with the wide variety of existing and new crop insurance products available to them in 2021 and to discuss how crop insurance can be employed to complement or in some instances be substituted for other USDA program options.
“With an uncertain weather and market situation cotton producers should carefully consider the full range of risk management products heading into the 2021 growing season,” says Shawn Wade, Director of Policy Analysis and Research for Plains Cotton Growers, Inc. “The fact is that growers have a tremendous amount of latitude when it comes to putting together a robust risk management program due to the availability of existing program enhancements, such as Yield Exclusion and Trend Adjusted Yield adjustments and policy add-ons like the Cotton Seed (Pilot) Endorsement, Stacked Income Protection Program (STAX), Supplemental Coverage Option (SCO), and the new Enhanced Coverage Option (ECO).”
Crop insurance in combination with one or more of these components has the ability to provide a multitude of meaningful options for producers and improve the risk management programs they depend on to get them through uncertain weather and market situations.