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
COLORADO ONLY
Fall
crop insurance deadline nears
Colorado producers of winter wheat,
forage, and barley have until
September 30 to sign up for federally subsidized
crop insurance, or to make any changes to existing policies.
Colorado farmers were paid over $151
million in crop insurance indemnities for last year’s crop losses.
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, forage production, and
barley can all be insured with the traditional Multiple Peril Crop Insurance
(MPCI). Winter wheat can also be insured with Crop Revenue Coverage (CRC),
Revenue Assurance (RA), and Group Risk Plan (GRP).
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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