The new Controlled Environment agriculture insurance program from USDA’s Risk Management Agency (RMA) is specifically for plants grown in fully enclosed controlled environments and provides coverage against plant diseases subject to destruction orders. Available beginning in the 2024 crop year, the Controlled Environment program provides a risk management resource for urban, specialty crop, and organic producers, who often use controlled environments as a major part of their operations. The Controlled Environment program is a dollar plan of insurance, which bases the insured’s guarantee on inventory values reported by the producer and provides coverage against plant diseases when the plants must be destroyed under a federal or state destruction order. The first sales closing date is December 1, 2023. RMA is holding virtual and in-person informational sessions during October.
Source: attra.ncat.org