Hurricane Insurance Adds Tropical Storm Option

Web AdminAgribusiness, USDA

After hearing directly from agricultural producers, the U.S. Department of Agriculture (USDA) is expanding its Hurricane Insurance Protection-Wind Index (HIP-WI) Endorsement with a Tropical Storm Option. USDA’s Risk Management Agency (RMA) will offer this option for the 2023 crop year. “During the past few years, many farmers have felt the impacts of tropical activity, and it’s important that we offer …