Monday, May 07, 2007

Organic Crop insurance and data collection

The USDA currently does not collect market data specific to organic agriculture. Without comprehensive market data from the Economic Research Service, crop insurance companies charge a 5% premium on organic acres while offering only market rate payouts. The Organic Trade Association, among other industry groups, cited market data as their top priority for the 2007 Farm Bill in a April 24 hearing before the Senate Committee of Agriculture , Forestry, and Nutrition.

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