The USDA is further expanding the opportunities for producers to consider Enterprise Units as risk management options. The Risk Management Agency is expanding Enterprise Unit availability to additional specialty crops and other actual production history crop programs.
Together with the six crop types announced in July for Enterprise Unit protection, these crops may benefit from the Enterprise Units that were previously unavailable. Enterprise Units are attractive to producers due to lower premium rates offered to recognize the lower risk associated with the geographic diversification. In general, the larger the Enterprise Unit, the lesser the risk and the greater the unit discount.
“This announcement is in response to public feedback of producers needing more options to manage their risk,” says RMA Administrator Marcia Bunger. “It’s critical that while we are examining our resources for areas of improvement we also listen to America’s agricultural producers to hear exactly what they need.”