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NATIONAL CROP
INSURANCE SERVICES
7201 West 129th Street, Suite 200
Overland Park, Kansas 66213
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
NEW YORK ONLY
Fall crop insurance deadline nears
CRC on wheat comes to New YorkNew York farmers who produce winter wheat, forage, and barley have until September 30 to sign up for federally subsidized crop insurance. And this year many wheat growers will be able to choose Crop Revenue Coverage (CRC).
New York farmers were paid over $19 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 barley can all be insured with the traditional Multiple Peril Crop Insurance (MPCI).
This year, for the first time in New York, winter wheat will also be insurable with Crop Revenue Coverage (CRC). CRC policies guarantee an amount of revenue. The policies protect against both loss in yield and fluctuations in the market price. CRC has been available on corn and soybeans so many growers already have experience with this form of revenue insurance.
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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