Maybe 2023 and 2024 Disaster Aid is on Yield Only

We are hearing chatter that ECAP provided price aid and "ERP" will provide Yield aid

Photo by Melissa Askew on Unsplash

We had previously posted last year with some calculators showing how disaster aid may be paid out based on the following:

• A true-up of your crop insurance from the level you elected to the new table percentage. For example, if you had 85% coverage, you would get topped up to 95%.

• A revised calculation backing out the price component of crop insurance to arrive at what your payment would be only for the yield loss and no additional top-up for price.

In last Friday’s post, we assumed that the top-up would be under the first example above.

We are now hearing that it might be under the second example due to ECAP providing economic aid to farmers and disaster aid should only be for those farmers who had a “yield” disaster.