Risk Management Agency Adds Tropical Storm Option to Hurricane Insurance Protection-Wind Index Endorsement

Farm Credit East and Crop Growers, LLP are pleased the Risk Management Agency (RMA) has announced the addition of Tropical Storm (TS) coverage as an option to the Hurricane Insurance Protection-Wind Index (HIP-WI) endorsements for the 2023 crop year.

To add the TS option to an existing policy, a producer must have an underlying crop insurance policy under the Basic Provisions with an HIP-WI endorsement. The TS option covers a tropical storm weather event in which the covered county or adjacent county is deemed within the area of a tropical storm with specific wind speeds and rain accruals, specified by NOAA and as determined by RMA.

“The addition of this coverage provides increased protection against the harsh and unpredictable weather that can impact many East Coast growers,” commented Jeremy Forrett, senior vice president for Crop Growers, LLP.

The last date to purchase a Tropical Storm option for crops with a sales closing date after November 1, 2022, is April 30, 2023.

To find out more about the federal crop insurance program, visit CropGrowers.com, contact your local Farm Credit East office or call the Northeast Customer Service Center at (800) 234-7012.