February 23, 2010
March 15 Is Deadline for Crop Insurance in 2010
Commissioner Encourages Coverage for Insurance & Potential Disaster Payments
New York State Agriculture Commissioner Patrick Hooker today reminded producers of the upcoming March 15 deadline for purchasing or modifying crop insurance policies for the 2010 growing season. Crop insurance provides farmers with a level of assurance against weather, disease and market risk as it relates to the crops produced on their farms.
“I urge all producers to discuss crop insurance coverage with a crop insurance agent to help plan for the bottom line at the end of the year,” said Commissioner Hooker. “Crop insurance can protect farm revenue or crop yields, depending on your need. In addition, crop insurance coverage is now required for farmers to qualify for federal disaster payments, should a weather disaster occur in your growing area. With the help of an agent, you can review your risk exposure and determine the strategy that is best for you; just be sure to do so before March 15.”
The March 15 crop insurance deadline applies to most spring-planted field crops including corn, dry beans, green beans, barley, oats, soybeans, fresh market sweet corn, grain sorghum, potatoes, spring forage seeding, processing beans, and processing sweet corn.
The March 15 deadline also applies to first-time buyers of Adjusted Gross Revenue-Lite (AGR-Lite). AGR-Lite is a revenue insurance plan for diversified growers that provides whole farm production coverage. Due to increases in the USDA Farm Service Agency’s Non-Insured Crop Disaster Assistance Program (NAP) fees this year, AGR-Lite coverage is similarly priced, but can provide more coverage than NAP. Producers who purchase AGR-Lite may still enroll in NAP on selected crops if necessary.
It is important for producers to know that in order to be eligible for federal agricultural disaster payments in 2010, most crops must be enrolled with crop insurance or USDA’s NAP Program. The higher the insurance coverage level, the greater the guarantee that your crops will be covered in the event of an agricultural disaster.
A list of crop insurance agents are available at your local Farm Service Agency office or on the web at http://www3.rma.usda.gov/apps/agents/. Producers without internet access can call the Department at 800-554-4501 to request a mailed list. The Department’s staff person, Sarah Johnston, will also be happy to answer any questions about the process.
2010 Press Releases