WherezHemp Can Help Farmers Get CBD Crop Insurance

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WherezHemp Can Help Farmers Get CBD Crop
Insurance
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• Though it has been more than three years since
  the Farm Bill had passed, this has legalized hemp
  at the federal level. Still, many factors are
  unknown. Federal, state, and local regulations
  and guidelines, financing, banking, exporting,
  importing, testing, and insurance are important
  things that need to be taken care of while
  involved in the CBD business. Until now, hemp
  crop farmers werent able to get insurance.
  WherezHemp consultants can help you with filing
  and getting your hemp crops insured.

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• Farmers get insurance on their crops regardless
  of the type and size. Crops are considered a
  valuable commodity as several things can threaten
  the harvest resulting in loss to be suffered by
  farmers. Crop insurance prevents farmers from any
  kind of loss that occurs due to the produce.

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• You can get crop insurance against any
  catastrophic damage from disease, drought,
  freezes, floods, or crop loss due to quality. The
  insurance covers the revenue or yield loss that
  can come from low produce or any kind of market
  price fluctuation of the crop.

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• The USDA launched two programs for insurance for
  the protection of hemp crops. One is the
  multi-peril crop insurance, and the other is
  noninsured crop disaster assistance. The program
  has criteria for eligibility along with a tight
  deadline. Besides, this insurance program was
  also not available in all the states where hemp
  is legal to grow.

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• Further, in the states where the insurance
  program is available, the eligible farmers must
  have their license to grow hemp crops and buyers
  already in contract. Without these two things,
  you cant have insurance. However, there is not
  quite clear what qualifies to be a buyer as per
  the guidelines of USDA.