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
MICHIGAN ONLY
Fall
crop insurance deadline nears
Winter wheat and forage producers in
Michigan have until September 30 to sign up for federally subsidized crop
insurance.
Michigan farmers were paid over $34
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.
Both wheat and forage production can be
insured with the traditional Multiple Peril Crop Insurance (MPCI). Winter
wheat can also be insured with Crop Revenue Coverage (CRC), Group Risk Plan
(GRP), and Revenue Assurance (RA).
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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