FOR IMMEDIATE RELEASE
September 3, 2003
The data used in this article was provided by the USDA’s
Risk Management Agency.
For more information contact Jan Eliassen at
410-778-0120 or Laurie Langstraat at 913-686-2767
ALABAMA ONLY
Fall crop
insurance deadline nears
Alabama producers of winter wheat and oats
have until September 30 to sign up for federally subsidized crop insurance, or
to make any changes to existing policies.
Alabama farmers were paid nearly $45 million
in crop insurance indemnities for last year’s crop lossess. Nationwide, crop
insurance paid out more than $4 billion for losses suffered in 2002. For the
first time, crop insurance surpassed federal disaster programs to become the
largest part of the nation’s safety net for farmers.
Winter wheat and oats can both be insured
with the traditional Multiple Peril Crop Insurance (MPCI). Winter wheat can
also be insured with Crop Revenue Coverage (CRC).
Not all crops, or all types of policies are
available in every county. To learn more and to sign up for crop insurance, or
to make any changes to existing policies, producers must contact a private crop
insurance agent before the September 30 deadline.
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