The USDA offers insurance to help protect farmers from forces they have no control over. Insurance offered by the federal government is a fundamental part of much of the farming that happens in the United States.
It allows farmers to survive in an industry that’s both unstable and provides thin margins.
Hemp, though it’s now federally legal, was not eligible for this insurance—until now.
The USDA’s multi-peril crop insurance has been around since the 1930s, and forms part of the backbone of the farm safety net.
As its name suggests, it covers multiple obstacles that farmers might face, including pests,