Hemp Farmers

Hemp Farmers Rejoice!

The 2018 Farm Bill issued by the U.S. government formally recognized hemp as a crop and began allowing farmers to insure their yields. That means that under the 2020 hemp laws, any farmer that grows hemp with a tetrahydrocannabinol level of less than 0.3% can apply for insurance coverage under the federally acknowledged agricultural and commercial production crop guidelines.


Farmers may have other types of coverage, but while the crops are in the ground, the assets need to be covered with crop insurance. That means as growers try to follow the 2020 hemp laws, they should protect themselves and their developing plants by purchasing an individualized insurance package that covers seeds, flowers, and fibers. The coverage can include crop loss due to natural causes such as:

  • Freezing temperatures
  • Insect attacks
  • Drought conditions

However, coverage from hail or untimely snowfall should be purchased under a separate policy.


Protecting valuable crops can include many types of policies, and it can be difficult to know what to include in your insurance coverage checklist. Talk to an agent about purchasing the best protection available in your area. Fortunately, under the 2020 hemp laws, hemp farmers no longer have the stigma they once had; so, it can be much easier to locate an insurance agent to help provide adequate and valuable crop insurance.