Late last year, U.S. Department of Agriculture’s Risk Management Agency (RMA) announced a new crop insurance option for hemp growers available in select counties across 21 states, including California. The pilot program will be available for hemp grown for fiber, grain or CBD oil for the 2020 crop year.
To be eligible for the pilot program, a hemp producer most comply with applicable state, federal and tribal regulations, have at least one year of experience growing the crop and have a contract for sale of the insured hemp.