The United States Department of Agriculture (USDA) has announced that, due to a lack of widespread catastrophic weather events and overall favorable weather conditions, they will not be deferring interest for the 2024 crop year. This marks a shift from previous years, where interest deferral was implemented to aid farmers facing challenging conditions.
Ensure your payments are postmarked on or before the due date to avoid interest attachments. Stay informed and make timely payments to avoid any additional charges this year.
If you have any questions regarding this notice, please contact your Compass Insurance Agent.
