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The U.S. Department of Agriculture has released two new Web-based risk management tools to help farmers better manage risk.
Now available at www.fsa.usda.gov/arc-plc, the tools are designed to help farmers choose between two commodity farm safety net programs — Agricultural Risk Coverage and Price Loss Coverage — established in the 2014 Farm Bill, the agency said Thursday in a statement.
To use the tools, farmers enter information about their operation such as base acres and recent planting history, and receive projections about what each program will mean for them under possible future scenarios.
The tools were developed in collaboration with the Food and Agricultural Policy Research Institute at the University of Missouri and the Agricultural and Food Policy Center at Texas A&M, along with the University of Illinois.
“We’re committed to giving farmers as much information as we can so they can make an informed decision between these programs,” U.S. Secretary of Agriculture Tom Vilsack said in the statement. “These resources will help farm owners and producers boil the information down, understand what their options are, and ultimately make the best decision on which choice is right for them.”
Farmers in the United Kingdom have been asked to consider environmental liability insurance as they could face penalties up to thousands of pounds if the environment is affected due to farming, reports Farmers Guardian.