USDA Introduces New Grapevine Insurance Program
The U.S. Department of Agriculture announced a new grapevine insurance program within its crop insurance solutions. The program will provide covera...
The U.S. Department of Agriculture announced a new grapevine insurance program within its crop insurance solutions. The program will provide coverage for loss of grafted vines caused by natural perils such as freeze, fire, hail and flood. The program, which is included in crop is based on the Tree Based Dollar Amount of Insurance Plan. An occurrence loss option offers coverage for smaller losses at an additional premium. The program is classified as a 'mortality policy' that pays losses when the vine is dead or so badly damaged it will not recover in the following 12 months, the USDA said.