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
MONTANA ONLY
Fall
crop insurance deadline nears
Montana producers of winter wheat,
forage, and mint have until September 30 to sign up for federally subsidized
crop insurance, or to make any changes to existing policies.
Montana farmers were paid nearly $175
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.
Wheat, forage production, and mint can
all be insured with the traditional Multiple Peril Crop Insurance (MPCI).
Winter wheat can also be insured with Crop Revenue Coverage (CRC), Income
Protection (IP), 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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