Hurricane Debby and the USDA
With your Southeast Regional Ag News, I’m Haylie Shipp. This is the Ag Information Network.
Last week we talked about Florida-specific funds that were being doled out in response to Hurricane Debby. This week we add in numbers from the USDA.
Specifically, the U.S. Department of Agriculture has now announced the counties that have triggered for payment under the Hurricane Insurance Protection-Wind Index endorsement for Hurricane Debby, or HIP-WI. Approved insurance providers have 30 days to issue producer payments. Producers will receive over $200 million in indemnities for hurricane-related losses from Hurricane Debby.
“The hurricane caused devastating damage across the southeast and impacted many agricultural operations,” says Risk Management Agency Administrator Marcia Bunger. “We understand the importance of timely payments that help producers overcome natural disasters and assist with recovery efforts.”
Estimated indemnities include over $12 million for Florida, $45.6 million in Georgia, $97.8 million in North Carolina, and $54.3 million for South Carolina. Producers do not need to file a claim to receive an indemnity payment under the program. If a county is triggered, indemnity payments are automatically issued.
Head to this website for a list of impacted counties: https://www.rma.usda.gov/policy-procedure/bulletins-memos/product-management-bulletins/2024/pm-24-052-hurricane-insurance
