The U.S. Department of Agriculture’s Risk Management Agency approved on Jan. 31 two options for spring high-oleic (specialty type) canola insurance coverage for the 2013 crop year. Producers can elect to insure their specialty type canola at the premium price if separate yields are established for specialty canola and non-specialty canola. If producers elect not to insure using the premium price, the requirement for establishing separate yields will not be required. The insurance is available in the states of North Dakota, Minnesota and Montana. Provisions for specialty canola insurance are contained within 2013 Actuarial Information. Interested producers should contact a crop insurance agent for further information.
The Senate and House Agriculture Committees plan to mark-up the "2013" Farm Bill in late March or April after members have a better idea of the funds available to write the bill. This action would follow possible cuts resulting from either sequestration on March 1 or budget reconciliation. The initial Agriculture or “Farm Bill” 10-year baseline from the Congressional Budget Office is expected to be released in early February.