Risk Management/Crop Insurance Education Program
Massachusetts Aquaculture producers have a wide variety of option to insure their aquaculture crops and/or their farm revenue.
Clam Insurance policy
Massachusetts Quahog producers can purchase a crop insurance policy to insure their crop from losses due to natural disasters (Aquaculture Fact Sheet). Growers can insure from 50% up to 75% of their potential crop at a minimum of 55% up to 100% of the established price. The sales closing date for a clam insurance policy is November 30th.
Revenue Insurance Policies
Massachusetts Aquaculture growers also have an option of purchasing a revenue based policy. Whole Farm Revenue Protection (WFRP) is a policy that can protect crop against low revenue due to unavoidable natural disasters and/or market fluctuations. WFRP Fact Sheet
Where can you purchase a clam policy
Federal Crop Insurance is sold by private crop insurance agents. Visit this link to find a crop insurance agent in Massachusetts.
Non-Insured Disaster Assistance Program (NAP)
Growers of aquaculture crops, except Quahogs, can purchase coverage for their aquaculture products through the USDA Farm Service Agency (FSA) Non-Insured Disaster Assistance Program. NAP provides catastrophic coverage at 50% of the inventory at 55% of the established FSA price. Growers can purchase higher levels of coverage (50%, 55%, 60% or 65%) of their inventory at 100% of the FSA established price. The deadlinbe to purchase NAP coverage is September 30th. For more information visit your local FSA office