{"id":10259,"date":"2024-08-09T15:26:19","date_gmt":"2024-08-09T19:26:19","guid":{"rendered":"https:\/\/silveuscropins.com\/?p=10259"},"modified":"2024-08-23T09:24:03","modified_gmt":"2024-08-23T13:24:03","slug":"eco-updates-for-2025-crop-year","status":"publish","type":"post","link":"https:\/\/silveuscropins.com\/eco-updates-for-2025-crop-year\/","title":{"rendered":"USDA releases ECO updates for 2025 Crop Year"},"content":{"rendered":"

USDA Releases Update to ECO<\/h1><\/div><\/div><\/div>
Recently at the end of July the USDA through the RMA decided to make some adjustments<\/a> to the Enhanced Coverage Option or ECO insurance program. This crop insurance endorsement is designed to provide more options for producers when managing their risk. Currently, ECO works as an endorsement to the underlying policy. If a producer should choose yield protection, then ECO would cover yield loss, and if they chose revenue protection, the endorsement would cover revenue loss. The ECO program is an area-based coverage for a portion of a producer\u2019s underlying crop insurance policy deductible. For more details on how enhanced coverage option works, check out the RMA\u2019s fact sheet<\/a> on it, or visit our ECO product page<\/a>!<\/div>\n
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At the time of the RMA update, ECO was approved to cover 36 different crops. With the changes, ECO will also work with almonds, apples, blueberries, grapes, and walnuts. These new crops will have availability\u00a0for\u00a0ECO in the 2025 crop year. Additionally, this will also expand to citrus crops where the Supplemental Coverage Option is currently available in California and Arizona for the 2026 crop year.<\/div>\n
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On top of the new crops to be covered by ECO, the RMA is increasing premium support for all crops covered by ECO to 65% premium subsidy to help make the program more affordable for producers. This is a\u00a014%<\/strong>\u00a0increase\u00a0for ECO on yield protection which was originally at 51%\u00a0percent\u00a0premium\u00a0subsidy, and an increase of 21%<\/strong> for revenue protection\u00a0which was\u00a0originally at\u00a044% premium subsidy.<\/div>\n<\/div>

Interested in adding ECO to your risk management plan in the 2025 crop year? Connect with us below to speak with an agent and see how ECO can fit into your risk management strategy!<\/p>\n<\/div><\/div><\/div>

Eligible Crops<\/h3><\/h3><\/div>\n
\n\n<\/thead>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Alfalfa Seed<\/td>\nForage Production<\/td>\nWheat<\/td>\n<\/tr>\n
Almonds *<\/span><\/td>\nGrain Sorghum<\/td>\nWalnuts *<\/span><\/td>\n<\/tr>\n
Apples *<\/span><\/td>\nGrapes *<\/span><\/td>\nFlue Cured Tobacco<\/td>\n<\/tr>\n
Barley<\/td>\nHybrid Corn Seed<\/td>\nSunflowers<\/td>\n<\/tr>\n
Blueberries *<\/span><\/td>\nHybrid Seed Rice<\/td>\nFlax<\/td>\n<\/tr>\n
Buckwheat<\/td>\nHybrid Sorghum Seed<\/td>\nSugarcane<\/td>\n<\/tr>\n
Burley Tobacco<\/td>\nMillet<\/td>\nFire Cured Tobacco<\/td>\n<\/tr>\n
Canola<\/td>\nOats<\/td>\nSugar Beets<\/td>\n<\/tr>\n
Cigar Binder Tobacco<\/td>\nPeanuts<\/td>\nDry Peas<\/td>\n<\/tr>\n
Citrus **<\/span><\/td>\nPopcorn<\/td>\nSoybeans<\/td>\n<\/tr>\n
Corn<\/td>\nRice<\/td>\nDry Beans<\/td>\n<\/tr>\n
Cotton<\/td>\nRye<\/td>\nSilage Sorghum<\/td>\n<\/tr>\n
Cotton – Ex. Long Staple<\/td>\nSafflower<\/td>\nDark Air Tobacco<\/td>\n<\/tr>\n
Cultivated Wild Rice<\/td>\nSesame<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Starting with 2025 Crop Year *<\/span><\/p>\n

Where SCO is currently available in California and Arizona starting with 2026 Crop Year **<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div>

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Connect With Us!<\/h3><\/h2><\/div>