USDA is expanding opportunities for producers to consider enterprise units as risk management options. The Risk Management Agency is expanding the Enterprise Module’s availability to include additional specialty crops and other actual production date crop programs. Along with the six crop types announced in July for Enterprise Unit Protection, these crops may benefit from previously unavailable Enterprise Units. Enterprise units are attractive to producers because of the lower premium rates offered to recognize the lower risks associated with geographic diversification. In general, the larger the institutional unit, the lower the risk and the greater the unit discount.
“This announcement is in response to public feedback from producers who need more options to manage their risks,” says Marcia Bonger, RMA Director. “It is critical that as we examine our resources for areas of improvement, we also listen to America’s agricultural producers to hear exactly what they need.”