A recent podcast episode titled “How could insured farmers adjust to the Expanding Access to Risk Protection (EARP) rule from USDA?”, produced by the Fryar Price Risk Management Center of Excellence, features insights from Dr. Francis Tsiboe, Research Assistant Professor / Senior Research Economist at the Agricultural Risk and Policy Center (ARPC), North Dakota State University.

The episode focuses on how USDA’s new Expanding Access to Risk Protection (EARP) rule could reshape prevented planting insurance beginning in the 2027 crop year, with important implications for farm-level risk management and program costs.

During the conversation, Dr. Tsiboe discussed how the elimination of the prevented planting buy-up option will require producers seeking similar levels of protection to increase their overall insurance coverage, resulting in higher premiums and greater exposure to other types of losses.

Drawing on recent analysis from the Agricultural Risk Policy Center, the discussion highlights why coverage substitution only partially replaces targeted planting risk protection and what this shift means for producer decision-making and long-term program costs.

Key insights from the discussion include:

• The EARP rule eliminates the prevented planting buy-up option starting in the 2027 crop year.
• Producers aiming to maintain comparable protection levels must increase overall coverage, raising premiums.
• Coverage substitution does not fully replace targeted planting risk protection, altering farm-level risk exposure.

Reflecting on the topic, Dr. Tsiboe noted that “The elimination of prevented planting buy-ups forces producers to rethink how they manage planting risk. Higher coverage levels can partially compensate, but they change both producer premium costs and the nature of risk exposure within the FCIP.”.

🎧 Listen to the full podcast episode:
https://fryar-risk-center.uada.edu/ag-markets/ep-77-how-could-insured-farmers-adjust-to-the-expanding-access-to-risk-protection-earp-rule-from-usda/

Media Contact:
Dr. Francis Tsiboe – ftsiboe@hotmail.com
Agricultural Risk Policy Center (ARPC)
North Dakota State University
www.ndsu.edu/agriculture/arpc