In response to an announcement today from the U.S. Department of Agriculture (USDA) that it will offer Post Application Coverage Endorsement (PACE) in certain states for non-irrigated corn, NCGA released the following statement:
“PACE will play an extremely important role in helping farmers navigate changing weather conditions. We applaud the Illinois Corn Growers Association and our other partners for working to develop this new insurance product and are appreciative of the Federal Crop Insurance Corporation for seeing its value and approving its use. We look forward to working with USDA as it rolls out this new product.”
PACE was developed by the Illinois Corn Growers Association, National Corn Growers Association, Ag-Analytics Technology Company, LLC, Meridian Institute, and others and submitted to the Federal Crop Insurance Corporation under provisions in the law allowing for private development of new crop insurance products. More details on PACE will be made available by RMA and Approved Insurance Providers in the coming months.