CHARLESTON, W.Va. (AP) - A pilot insurance program is being offered to West Virginia livestock producers to help manage financial risk.
The Rainfall Index Pasture, Rangeland, Forage program’s payments aren’t based on single weather stations or individual rain gauges. Instead, the program uses a rainfall index to determine losses and trigger indemnities.
The West Virginia Department of Agriculture says Nov. 15 is the deadline to sign up for the program, which will be available beginning wth the 2016 crop year.
The Federal Crop Insurance Corporation Board of Directors recently added West Virginia and 18 other states to the program.
The program is offered by the U.S. Department of Agriculture’s Risk Management Agency.
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